The Delivery Company Has Placed an Order for $2,000 of Supplies

Multiple Choice

The Delivery Company has placed an order for $2,000 of supplies and intends to pay on account once the goods have been received.Transaction analysis requires the accounting clerk to,

A) record supplies as an asset on the order date,but wait to record the liability until supplies are received.
B) record supplies as an asset and credit accounts payable on the order date.
C) record supplies as an asset and debit accounts payable on the order date.
D) do nothing.