The Lawrence Company Records Its Trade Accounts Payable Net of Any

Multiple Choice

The Lawrence Company records its trade accounts payable net of any cash discounts.At the end of 2010, Lawrence had a balance of $300, 000 in its trade accounts payable account before any adjustments related to the following items: At what amount should Lawrence report trade accounts payable on its December 31, 2010 balance sheet?

A) $349, 000
B) $349, 250
C) $356, 680
D) $356, 930