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): Group of answer choices account receivable intangible asset account payable current asset fixed liability

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The detailed answer for the above question is provided below The correct answer is account payable H... View the full answer