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Boxwood Incorporated has forecast purchases on account to be $310,000 in March, $370,000 in April,...

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Accounting

Boxwood Incorporated has forecast purchases on account to be $310,000 in March, $370,000 in April, $421,000 in May, and $499,000 in June. Assume that 70% of purchases are paid for in the month of purchase, and the remaining 30% are paid in the following month. What is the budgeted Accounts Payable balance for June 30? Multiple Choice O $149,700 $126,300 $349,300 $294,700
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Borwood Incorporated has forecast purchases on account to be $310,000 in March, $370,000 in April, $421,000 in May, and $499,000 in June. Assume that 70% of purchases are paid for in the month of purchase, and the remaining 30% are paid in the following month. What is the budgeted Accounts Payable balance for June 30 ? Mulpie Cnoice $149700 $126,300 $349,300 $294700

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