Keebee, Inc. has forecast purchases on account to be $8,000 in March, $8,200 in April, $7,700 in May, and $7,500 in June. 60% of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for May?

What is the budgeted Accounts Payable balance for May 31?