Question 11 of 34 11 View Policies Current Attempt In Progress The balance in Georgia Corp.'s accounts payable account at December 31, 2020, was $900,000 before any necessary year end adjustments relating to the following: 1. Goods were in transit to Georgia from a vendor on December 31, 2020. The invoice cost was $75,000. The goods were shipped FOB shipping point on December 29, 2020 and were received on January 4, 2021. 2. Goods shipped FOB destination on December 21, 2020 from a vendor were received on January 6, 2021. The invoice cost was $37,500 3. On December 27, 2020, Georgia wrote and recorded cheques to creditors totalling $45,000 that were mailed on January 10, 2021. At December 31, 2020, what amount should Georgia report as total accounts payable? O $1,020,000 O $1,012,500 O $975,000 O $945,000 Question 18 of 34 71 View Policies Current Attempt In Progress For calendar 2020, cost of goods available for sale for Janus Corp, was $820,000. The average gross profit rate was 30%. Sales for the year were $600,000. What is the estimated dollar value of the inventory at December 312 O $400,000 O $420,000 $328,000 O $88,000 Suve for Later Attempts:0 of 1 used Submit