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Business, 19.12.2019 03:31 beserkerbradley5863
Barlow company's accounts payable balance at december 31, 2008, was p1,800,000 before considering the following transactions: • goods were in transit from a vendor to barlow on december 31, 2008. the invoice price was p100,000, and the goods were shipped fob shipping point on december 29, 2008. the goods were received on january 4, 2009. • goods shipped to barlow fob shipping point on december 20, 2008, from a vendor were lost in transit. the invoice price was p50,000. on january 5, 2009, barlow filed a p50,000 claim against the common carrier. in its december 31, 2008, balance sheet, barlow should report accounts payable of a. p1,950,000. b. p1,900,000. c. p1,850,000. d. p1,800,000.
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