Kew Co . 's accounts payable balance at Dec . 31 2014 , was P 2 200 ,000 before considering the ff data Goods shipped to Kew FOBS hipping point on Dec . 22 , 2014 , were lost in transit . The invoice cost o st of P 40.000 was not rec orded by Kew . On Jan . 7 2015 , Kew filed a P40 , 100 claims against the common carrier are On Dec . 27 , 2014 , a vendor authorized Kew to return , for full credit , good shipped and billed billed at P 70 000 on Dec 3 . 2014 . The returned goods were shipped by Kew on Dec . 28 , 2014 . AP 70 000 credit memo redit m was received and recorded by Kew on January 5 , 201 os shipped t Goods shipped to Kew FOB destination on Dec . 20 . 2014 . Were received on Jan . 6 . 2015 . The invoice cost was P 50.000 What amount should Kew report as accounts payable in its Dec . 31 , 2014 statement of financial position P 2 170.000 CP 2 230.000 P2 180.090 d . P 2 280 000