At March 1, 2010, Jupiter Corp

Multiple Choice

At March 1, 2010, Jupiter Corp. had supplies on hand of $500. During the month, Jupiter purchased supplies of $1,200 and used supplies of $1,500. The March 31 adjusting journal entry should include a

A) debit to the supplies account for $1,500.
B) credit to the supplies account for $500.
C) debit to the supplies account for $1,200.
D) credit to the supplies account for $1,500.