Answer Happy

Chapter 7 Homework Saved 7 Torres Company budgets merchandise purchases of $16.800 in January, $18,600 in February, and $20,200 in March. For those purchases, 50% of purchases are paid in the month of purchase and 50% are paid in the month after the purchase. The company purchased $30,000 of merchandise in December Prepare a schedule of cash payments for merchandise for the months of January, February, and March 1 points 000 Atk Prir TORRES COMPANY Cash Payments for Merchandise Purchase January February March Merchandise purchases $ 16,800 $ 18,600 $ 20,200 Cash payments for Current period purchases $ 8.400 $ 9,300 Prior period purchases 8.400 9,300 Total cash payments for merchandise purchases $ 17,700 $ 20.400