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Boxwood Inc has forecast purchases on account to be $318,000 in March, $371,000 in April, $421,000 in May, and $496,000 in June. Sixty percent of

Boxwood Inc has forecast purchases on account to be $318,000 in March, $371,000 in April, $421,000 in May, and $496,000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What is the budgeted Accounts Payable balance for June 30?

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