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Case Corp, had accounts payable of $100,000 recorded in the general ledger as of December 31, 2012. The Accounts Payable balance included the following
Case Corp, had accounts payable of $100,000 recorded in the general ledger as of December 31, 2012. The Accounts Payable balance included the following recorded purchases on credit: Amount Date Shipped Date Received EQB Terms $8,000 12-22-12 12-24-12 17,000 12-28-12 1-2-13 Destination Shipping point 12,000 1-2-13 1-3-13 9,000 $42.000 12-31-12 1-5-13 Shipping point Destination In Case's December 31, 2012 balance sheet, the accounts payable should be reported in the amount of Select one: O a. $125,000 O b. $92,000 Oc $121,000 O d. $79,000 Oe. $75,000
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