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Select the correct answer.
Sonia is the head of the accounts department in a small manufacturing company. The company follows the accrual-basis method of accounting. It
recently purchased raw materials worth $5,000 from its vendors. However, the company paid only $3,000 to its vendors. It plans to pay the remaining
amount after three months. Considering this information, which entry should Sonia record in the company's accounts?
A. $5,000 as accounts receivable
O B.
$3,000 as accounts payable
$2,000 as accounts payable
O D.
$2,000 as accounts receivable
m All rights reserved.
$3,000 as accounts receivable
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