QS 22-27A (Algo) Merchandising: Schedule of cash payments LO P4

QS 22-27A (Algo) Merchandising: Schedule of cash payments LO P4 Torres Company budgets merchandise purchases of $16,800 in January, $17,600 in February, and $21,200 in March. For those purchases, 40% of purchases are paid in the month of purchase and 60% are paid in the month after the purchase. The company purchased $21,000 of merchandise in December. Prepare a schedule of cash payments for merchandise for the months of Janyary, February, and March