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Quiz navigatic 1 2 3 10 11 11 12 f Dole Corp.'s accounts payable at December 31, 2015, totaled $800,000 before any necessary year-end adjustments
Quiz navigatic 1 2 3 10 11 11 12 f Dole Corp.'s accounts payable at December 31, 2015, totaled $800,000 before any necessary year-end adjustments relating to the following transactions: . On December 27, 2015, Dole wrote and recorded checks to creditors totaling $350,000 causing an overdraft of $100,000 in Dole's bank account at December 31, 2015. The checks were mailed out on January 10, 2016. On December 28, 2015, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net amounts. The invoice was recorded and paid January 3, 2016. Goods shipped F.O.B. destination on December 20, 2015 from a vendor to Dole were received January 2, 2016. The invoice cost was $65,000. tion Finish attempt.. Time left 1:31:28 At December 31, 2015, what amount should Dole report as total accounts payable? Next page Class Recordings # 27 Jump to
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