The Balance in the Office Supplies Account on January 1

Multiple Choice

The balance in the office supplies account on January 1 was $7,000, supplies purchased during January were $3,000, and the supplies on hand on January 31 were $2,000. The amount to be used for the appropriate adjusting entry is

A) $4,300
B) $12,000
C) $5,000
D) $8,000