In 2006, the Retail Industry Voted the Bike Gallery as One

In 2006, the retail industry voted the Bike Gallery as one of the top 100 bicycle retailers in the United States.It recently purchased a truckload of Thule brand bike racks from the manufacturer.Until the Bike Gallery pays the bill, the purchase will be carried on Thule's books as a(n) :

A) account receivable
B) intangible asset
C) account payable
D) current asset
E) fixed liability