The balance in Moon Co.'s accounts payable account at December 31, 2018 was 700,000 before any necessary year-end adjustments relating to the following:

• Goods were in transit to Moon from a vendor on December 31, 2018. The invoice cost was 40,000. The goods were shipped f.o.b. shipping point on December 29, 2018 and were received on January 4, 2019.
• Goods shipped f.o.b. destination on December 21, 2018 from a vendor to Moon were received on January 6, 2019. The invoice cost was 25,000.
• On December 27, 2018, Moon wrote and recorded checks to creditors totaling 30,000 that were mailed on January 10, 2019.

In Moon's December 31, 2018 statement of financial position, the accounts payable should be

Select one:

a. 765,000.

b. 740,000.

c. 730,000.

d. 770,000.