Exercise 7-8A (Algo) Preparing a schedule of cash payments for inventory purchases LO 7-3 Jordan Books buys books and magazines directly from publishers and distributes them to grocery stores: The wholesaler expects to purchase the following inventory Jordan Books' accountant prepored the following schedale of chsh payments for inventory purchates, Jordan Books' suppliers require that 90 percent of purchases on account be poid in the month of purchase; the remaining 10 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filing in the missing amounts b. Determine the amount of accounts payable the company will report on its pro forma bolance sheet at the end of the second quarter. Complete thils question by entering your answers in the tabs below. Complete the schedule of cash payments for inventocy purchbses by figing in the miting amounts a. Complete the schedule of cash payments for inventory purchases by filing in the missing amounts b. Determine the amount of accounts psyable the company will report on its pro forma balance sheet at the end of the second quarter Complete this question by entering your answers in the tabs below. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Complete this question by entering your answers in the tabs below. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter