Exercise $22-30$A $($Algo$)$ Merchandising: Schedule of cash payments for merchandise purchases LO P$4$

Hardy Company reports budgeted merchandise purchases below. For those purchases, $30\%$ of a month's purchases is paid in the month of purchase, and $70\%$ is paid in the first month after purchase. Prepare the schedule of cash payments for merchandise purchases for September and October.

$\backslash$table$[[$Budgeted merchandise purchases,August,$\backslash$table$[[$Septembe$],[178,000]],,\backslash$table$[[$ctober$],[160,000]]],[$HARDY COMPANY$],[$Schedule of Cash Payments for Merchandise Purchases$],[,$September,October$],[$Merchandise purchases,$$,178,000,$$$,160,000],[$Cash payments for:,$],[$Current period purchases$],[$Prior period purchases$],[$Total cash payments for merchandise purchases,$$,0,$$$,0]]$