Boxwood Inc. has forecast purchases on account to be $317,000 in March, $372,000 in April, $422,000 in May, and $491,000

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Boxwood Inc Has Forecast Purchases On Account To Be 317 000 In March 372 000 In April 422 000 In May And 491 000 1 (28.63 KiB) Viewed 16 times

Boxwood Inc. has forecast purchases on account to be $317,000 in March, $372,000 in April, $422,000 in May, and $491,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What is the budgeted Accounts Payable balance for June 30? Multiple Choice O $126,600 $147,300 $343,700 $295,400