S 20-26A Merchandising: Cash payments for merchandise LO P4 Garda purchased $560,000 of merchandise in August and expects to purchase $810,000 in September. Merchandise purchases are paid as follows: 20% in the month of purchase and 80% in the following month. Compute cash payments for merchandise for September. GARDA Cash Payments for Merchandise (Budgeted) For Month Ended September 30 Cash payments for September purchases Cash payments for August purchases Total budgeted cash payments