What amount should lee report as accounts payable in its December 31 ,2011 balance sheet?

Question 13 Not yet Lee Co.'s accounts payable balance at December 31, 2011, was P2,200,000 before answered considering the following data: Marked out of Goods shipped to Lee FOB shipping point on December 22, 2011, were lost in transit. 1.00 The invoice cost of P40,000 was not recorded by Lee. On January 7, 2012, Lee filed a Flag P40,000 claim against the common carrier. question On December 27, 2011, a vendor authorized Lee to return, for full credit, goods shipped and billed at P70,000 on December 3, 2011. The returned goods were shipped by Lee on December 28, 2011. A P70,000 credit memo was received and recorded by Lee on January 5, 2012. Goods shipped to Lee FOB destination on December 20, 2011, were received on January 6, 2012. The invoice cost was P50.000 What amount should Lee report as accounts payable in its December 31, 2011 balance sheet? Select one. a. P2.280,000 b. P2,230,000 c. P2. 170.000 d. F2 180.000