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HOME: Step Steppy's accounts payable balance at Dec. 31, 2019 was $2.2 million before considering the following:- 1. Goods shipped F.O. B Shipping Point for
HOME: Step Steppy's accounts payable balance at Dec. 31, 2019 was $2.2 million before considering the following:- 1. Goods shipped F.O. B Shipping Point for $40,000 received Jan 2, 2029. 2. Goods shipped F.O.B Destination for $60,000 received Jan 3, 2020. 3. Good shipped F.O. B Shipping Point rec. Dec. 29, 2012. 4. $50,000 A/P written in Dec, but mailed out on Jan 1, 2020 was debited to Accounts Payable in Dec 2019. What amount should Step Steppy report as Accounts Payable in its December 31, 2019 Balance Sheet
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