q8

A corporation provided the following information from its accounting records for the year ended December 31, 2020: Inventory, December 31, 2020 1,520,000 based on physical count Accounts payable. December 1.200.000 31, 2020 Net sales (net of sales returns) 8.150.000 Additional information are as follows: On January 3, 2021. a monthly freight bill in the amount of P6,000 was received. The bill specifically related to merchandise purchased in December 2020. 1/2 of which was still in inventory at December 31, 2020. The freight charges were not included in either the inventory or accounts payable at December 31, 2020. Goods received from a vendor on December 26, 2020 were included in the physical count. However, the related P56,000 vendor invoice was not included in accounts payable at December 31, 2020, because the accounts payable copy of the receiving report was lost Goods with an invoice cost of P27,000, received from a vendor at 5:00 pm on December 31, 2020, were recorded on a receiving report dated January 2, 2021. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2020. Goods were in transit from a vendor to Apple on December 31, 2020. the invoice cost was P71,000 and the goods were shipped FOB shipping point on December 29, 2020. Determine the adjusted balance of Accounts Payable as of December 31, 2020. O 1.327.000 O 1.262.000 1333.000 O 1.330.000