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What amount should be reported as accounts payable

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Question - Sandra Company recorded purchases at gross amount but decided to change to recording purchases at net amount. Discounts available on purchases recorded from Oct 1, 2018 to Sept 30, 2019 totaled 20,000.00. Of this amount, 2,000 is still available in the accounts payable. The balances as of and for the year ended Sept. 30, 2019 before conversion are purchases-1,000,000, purchase discounts taken-8,000 and accounts payable- 300,000. What amount should be reported as accounts payable on Sept 30, 2019?

Reference no: EM132770027

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