Solution-Prepare the schedule of cash payments for purchases

Prepare the schedule of cash payments for purchases

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Reference no: EM132967020

Question - Yasmin Company budgeted direct materials purchases of $192,000 in January and $138,420 in February. Assume Yasmin pays for direct materials purchases 30?% in the month of purchase and 70?% in the month after purchase. The Accounts Payable balance on January 1 is $45,000. Prepare the schedule of cash payments for purchases for January and February?, including the calculation for the Accounts Payable balance on February 28. Round to the nearest dollar.

Begin by computing the total cash payments for direct materials for January and February. ?Then, compute the Accounts Payable balance at February 28. ?(Round all amounts you enter into the budget to the nearest whole dollar. If an input field is not used in the table leave the input field? empty; do not enter a? zero.)

Reference no: EM132967020

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Prepare the schedule of cash payments for purchases

Reference no: EM132967020

Reference no: EM132967020

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