As the owner of a small clothing store, you must manage a good deal of inventory. Fortunately,

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Question:

As the owner of a small clothing store, you must manage a good deal of inventory. Fortunately, your suppliers are very generous with their discounts and extended credit. In the beginning of the year, sales are slow; therefore, your repayment to them from _________ is slow as sales are down. Which account name applies best to fill in this blank?

A. Note payable

B. Account payable

C. Account receivable

D. Unearned revenue