1. 2. 3. An adjusting entry a. b. C. d. Affects two balance sheet accounts. Affects two income statement accounts. Affects a balance sheet account and an income statement account. Is always a compound entry. Quirk Company purchased office supplies costing $3,000 and debited office supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,600 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be. a. C. d. Debit Office Supplies Expense, $1,600; Credit Office Supplies, $1,600. b. Debit Office Supplies, $1,400; Credit Office Supplies Expense, $1,400. Debit Office Supplies Expense, $1,400; Credit Office Supplies, $1,400. Debit Office Supplies, $1,600; Credit Office Supplies Expense, $1,600. Hardy Company purchased a computer for $6,000 on December 1. It is estimated that annual depreciation on the computer will be $1,200. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: a. b. C.. d. Debit Depreciation Expense, $1,200; Credit Accumulated Depreciation, $1,200. Debit Depreciation Expense, $100; Credit Accumulated Depreciation, $100. Debit Depreciation Expense, $4,800; Credit Accumulated Depreciation, $4,800. Debit Office Equipment, $6,000; Credit Accumulated Depreciation, $6,000