Garda purchased $690,000 of merchandise in August and budgets merchandise purchases of $740,000 in September. Merchandise purchases are paid as follows: 20% in the month of purchase and 80% in the month after the purchase. Prepare a schedule of cash payments for merchandise purchases for September GARDA Schedule of Cash Payments for Merchandise Purchases September Merchandise purchases $ 740.000 Cash payments for Current period purchases Prior period purchases Total cash payments for merchandise purchases $ 0