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ware Corp.'s accounts payable at December 31, 2020. totalled 450 000 betare any necessary year-end adjustments relating to the following On December 27, 2020, Delaware

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ware Corp.'s accounts payable at December 31, 2020. totalled 450 000 betare any necessary year-end adjustments relating to the following On December 27, 2020, Delaware wrote and recorded cheques to creditors 1. totalling $175,000 causing an overdraft of $100,000 in Delaware's bank account at December 31, 2020. The cheques were mailed out on January 10, 2021. On December 28, 2020, Delaware purchased and received goods for $100.000 2. terms 2/10, n/30. Delaware records purchases and accounts payable at net amounts. The invoice was recorded and paid on January 3, 2021. Goods shipped FOB destination on December 20, 2020 from a vendor were 3. received on January 2, 2021. The invoice cost was $65,000. At December 31, 2020, what amount should Delaware report as total accounts payable? A) $755,500 B) $575,000 C) $723,000 D) $550,000

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