QS 22-26A (Algo) Merchandising: Cash payments for merchandise LO P4 Garda purchased $580,000 of merchandise in August and budgets merchandise purchases of $700,000 in September Merchandise purchases are paid as follows: 35% in the month of purchase and 65% n 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 5 700.000 Cash payments for Current penod purchases Prior period purchases Total cash payments for merchandise purchases s 0