A company purchases $23,000 of supplies in the current month and promises to pay for them next month. How would the company record a liability for the supplies?

This liability is not a recognized liability until the payment is due.
		$23,000 would be posted as a credit to accounts payable.
		$23,000 would be posted as a credit to supplies expense.
		$23,000 would be posted as a debit to accounts payable.