The balance in Hill Corp.s accounts payable at December 31, 2017, was $700,000 before any necessary year-end adjustments relating to the following:

Goods were in transit to Hill from a vendor on December 31, 2017. The invoice cost was $40,000. The goods were shipped f.o.b. shipping point on December 29, 2017 and were received on January 4, 2018.

Goods shipped f.o.b. destination on December 21, 2017 from a vendor to Hill were received January 6, 2018. The invoice cost was $25,000.

in Hills December 31, 2017 Balance sheet, the accounts payable should be a. $700,000.

b. $725,000.

c. $740,000.

d. $765,000.

e. none of the above