Questions: When a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were received last week, the company would record this transaction with an increase to an asset account and a(n) account. revenue expense liability dividend

The answer is the third one: liability.

Explanation for each option:

1. Revenue: This is incorrect. Revenue accounts are used to record income earned from the sale of goods or services. Receiving supplies does not generate revenue; it creates an obligation to pay.

2. Expense: This is incorrect. An expense account would be used when the supplies are consumed or used in operations, not when they are initially received.

3. Liability: This is correct. When a company receives supplies and has an obligation to pay the supplier in the future, it records an increase in a liability account, typically accounts payable, to reflect the amount owed.

4. Dividend: This is incorrect. Dividends are distributions of a company's earnings to its shareholders and are not related to the receipt of supplies or obligations to suppliers.

In summary, when a company receives supplies and has a current obligation to pay the supplier, it records an increase in an asset account (for the supplies) and an increase in a liability account (for the obligation to pay).