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Garda purchased $550,000 of merchandise in August and budgets merchandise purchases of $660,000 in September....

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Accounting

Garda purchased $550,000 of merchandise in August and budgets merchandise purchases of $660,000 in September. Merchandise purchases are pald as follows: 30% in the month of purchase and 70% in the month after the purchase.
Prepare a schedule of cash payments for merchandise purchases for September.
\table[[GARDA],[Schedule of Cash Payments for Merchandise Purchases],[Merchandise purchases,September],[Cash payments for:,660,000],[Current period purchases,],[Prior period purchases,],[Total cash payments for merchandise purchases,]]
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