Exercise 22-30A (Algo) Merchandising: Schedule of cash payments for merchandise purchases LO P4 Hardy Company reports budgeted merchandise purchases below. For those purchases, 30% of a month's purchases is paid in the month of purchase, and 70% is paid in the first month after purchase. Prepare the schedule of cash payments for merchandise purchases for September and October Budgeted merchandise purchases August 194,000 September October 180,000 150,000 HARDY COMPANY Schedule of Cash Payments for Merchandise Purchases Merchandise purchases Cash payments for Current period purchases Prior period purchases Total cash payments for merchandise purchases September October $ 180,000 $ 150,000