Business, 08.07.2019 23:30 sydsunkae14m

Fox corp.'s accounts payable at december 31, 20x8, totaled $900,000 before any necessary year-end adjustments relating to the following transactions: • on december 27, 20x8, fox wrote and recorded checks to creditors totaling $400,000 causing an overdraft of $100,000 in fox's bank account at december 31, 20x8. the checks were mailed out on january 10, 20x9. • on december 28, 20x8, fox purchased and received goods for $153,061, terms 2/10, n/30. fox records purchases and accounts payable at net amounts. the invoice was recorded and paid january 3, 20x9. • goods shipped f. o.b. destination on december 20, 20x8 from a vendor to fox were received and recorded january 2, 20x9. the invoice cost was $65,000. at december 31, 20x8, what amount should fox report as total accounts payable?

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Fox corp.'s accounts payable at december 31, 20x8, totaled $900,000 before any necessary year-end ad...