**Question 27*** 47 The balance sheet for Muffins Inc. reported supplies of $210 at 12/31/X1. On 12/31/X2, the actual supplies on hand amounted to $150. During 20X2, additional supplies costing $130 were acquired for cash, and the appropriate journal entry was made. The adjusting entry required at the end of 12/31/X2 is: A: debit Supplies Expense 60, C: debit Supplies 60, credit Supplies 60. credit Supplies Expense 60. B: debit Supplies Expense 190, D: debit Supplies 190, credit Supplies 190. credit Supplies Expense 190. E: None of the above. Leeds School of Business UNIVERSITY OF COLORADO BOULDER