dole corp s accounts payable at december 31 2012 totaled 650 000 before any necessar 492513

Dole Corp.’s accounts payable at December 31, 2012, totaled $650,000 before any necessary year-end adjustments relating to the following transactions:

– On December 27, 2012, Dole wrote and recorded checks to creditors totaling $350,000 causing an overdraft of $100,000 in Dole’s bank account at December 31, 2012. The checks were mailed out on January 10, 2013.

– On December 28, 2012, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net amounts. The invoice was recorded and paid January 3, 2013.

– Goods shipped f.o.b. destination on December 20, 2012 from a vendor to Dole were received January 2, 2013. The invoice cost was $65,000.

At December 31, 2012, what amount should Dole report as total accounts payable?