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
b.
$3,000 as accounts payable
c.
$2,000 as accounts payable
d.
$2,000 as accounts receivable
e.
$3,000 as accounts receivable