Dole Corp.'s accounts payable at December 31, 2014, totaled $750,000 before any necessary year-end adjustments relating to the following transactions: • On December 27, 2014, Dole wrote and recorded checks to creditors totaling $350,000 causing an overdraft of $100,000 in Dole's bank account at December 31, 2014. The checks were mailed out on January 10, 2015. • On December 28, 2014, 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, 2015. • Goods shipped f. o. b. destination on December 20, 2014 from a vendor to Dole were received January 2, 2015. The invoice cost was $65,000. At December 31, 2014, what amount should Dole report as total accounts payable?
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