A company purchased office supplies costing $5300 and debited Supplies for the full amount. At the...

 

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A company purchased office supplies costing $5300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $950 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: O debit Supplies, $950: credit Supplies Expense, $950. O debit Supplies, $4350; credit Supplies Expense, $4350. O debit Supplies Expense, $4350; credit Supplies, $4350. O debit Supplies Expense, $6250; credit Supplies, $6250. A company purchased office supplies costing $5300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $950 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: O debit Supplies, $950: credit Supplies Expense, $950. O debit Supplies, $4350; credit Supplies Expense, $4350. O debit Supplies Expense, $4350; credit Supplies, $4350. O debit Supplies Expense, $6250; credit Supplies, $6250.

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