Dianne Company’s accounts payable at December 31, 2020 totaled P25,000,000 before any necessary year-end adjustments relating to the following transactions: On December 31, 2020, Dianne wrote and recorded checks to creditors totaling P5,000,000 causing an overdraft of P1,000,000. The checks were mailed on January 31, 2021. Goods shipped FOB shipping point on December 31, 2020 from a vendor to Dianne were received and recorded on January 5, 2021. The invoice cost was P3,000,000 At December 31, 2020 what amount should Dianne report as total accounts payable? 32,000,000 30,000,000 33,000,000 28,000,000

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