The Don't Bite Me Pest Control Company Has 10,000 Gallons

The Don't Bite Me pest control company has 10,000 gallons of insecticide supplies on hand that cost $300,000; a bill from the vendor for $100,000 of these supplies has not yet been paid.The company expects to earn $800,000 for its services when it uses the insecticide supplies.The company would report:

A) $300,000 in assets under supplies and no accounts payable.
B) $200,000 in assets under supplies and no accounts payable.
C) $300,000 in assets under supplies and $100,000 in liabilities under accounts payable.
D) $800,000 in assets under supplies and $100,000 in liabilities under accounts payable.