A manufacturing company has a financial year from July 1st to June 30th. It pays its supplier bill quarterly.

The next bill will be received on July 31st Year 2050, covering April, May and June Year 2050.

The purchases remain unsold in the warehouse on June 30th 2050.

At year end, the purchases had been delivered and the bill estimate is $50,000.0.

How is this shown in the balance sheet on June 30th 2050?

Select one:

Inventory up 50,000.0, accounts payable up 50,000.0

Inventory up 50,000.0, accrued expenses up 50,000.0

Prepaid asset up 50,000.0, cash down 50,000.0

Prepaid asset up 50,000.0, accrued expenses up 50,000.0