Business, 29.06.2021 23:30 alfarodougoy8lvt

Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end adjustments relating to the following transactions: On December 27, 2020, Dole wrote and recorded checks to creditors totaling $350,000. However, the checks were mailed out on January 10, 2021. On December 28, 2020, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net amounts. The invoice was recorded and paid January 3, 2021. Goods shipped f. o.b. destination on December 20, 2020 from a vendor to Dole were received January 2, 2021. The invoice cost was $65,000. At December 31, 2020, what amount should Dole report as total accounts payable

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Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end a...

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