Ace Electronics Received $200 of Copy Paper from Its Supplier

Ace Electronics received $200 of copy paper from its supplier and promised to pay for it next month.Ace should report:

A) Accounts payable of $200 on its balance sheet.
B) Accounts payable of $200 on its income statement.
C) Accounts receivable of $200 on its balance sheet.
D) Accounts receivable of $200 on its income statement.
E) Cash of $(200) on its balance sheet. F) nothing, because cash hasn't been paid yet.