Please don't give image format Hardy Company reports budgeted merchandise purchases below. For those purchases, 30% of a month's purchases is paid in themonth of purchase, and 70% is paid in the first month after purchase. Prepare the schedule of cash payments for merchandisepurchases for September and October.AugustBudgeted merchandise purchases 191,000HARDY COMPANYSchedule of Cash Payments for Merchandise PurchasesMerchandise purchasesCash payments for:Current period purchasesPrior period purchasesTotal cash payments for merchandise purchasesSeptember179,000$SeptemberOctober150,000October179,000 $ 150,000Check my work Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 15% ofbudgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginninginventory on July 1 is 30,000 units. The company budgets sales of 220,000 units in October. The merchandise cost per unit is $3.Next period budgeted sales unitsRatio of inventory to future salesTotal required unitsJuly200,000215,000Budgeted sales units.Units to purchasePrepare the merchandise purchases budgets for the months of July, August, and September.Units to purchaseCost per unitCost of merchandise purchasesAugust300,000300,000September300,000288,000WALKER COMPANYMerchandise Purchases BudgetJulyAugustSeptemberCheck my work

Purchase budget :— This budget is prepared to estimate the number and cost of materials to be…

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. August Budgeted merchandise purchases 191,000 HARDY COMPANY Schedule of Cash Payments for Merchandise Purchases Merchandise purchases Cash payments for: Current period purchases Prior period purchases Total cash payments for merchandise purchases September 179,000 $ September October 150,000 October 179,000 $ 150,000 Check my work

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. August Budgeted merchandise purchases 191,000 HARDY COMPANY Schedule of Cash Payments for Merchandise Purchases Merchandise purchases Cash payments for: Current period purchases Prior period purchases Total cash payments for merchandise purchases September 179,000 $ September October 150,000 October 179,000 $ 150,000 Check my work

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12EB: Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the...

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