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Business, 18.08.2021 03:30, justttlearnnn12333
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $82,000; May, $112,000; and June, $122,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $24,000.
Required:
Prepare a schedule of budgeted cash payments for April, May, and June.
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Answers: 3
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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $82,000; May, $112...
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