A Company Purchased Office Supplies Costing $5,000 and Debited Supplies

Multiple Choice

A company purchased office supplies costing $5,000 and debited Supplies for the full amount.At the end of the accounting period, a physical count of office supplies revealed $900 still on hand.The appropriate adjusting journal entry to be made at the end of the period would be:

A) debit Supplies Expense, $5,900; credit Supplies, $5,900.
B) debit Supplies, $900; credit Supplies Expense, $900.
C) debit Supplies Expense, $4,100; credit Supplies, $4,100.
D) debit Supplies, $4,100; credit Supplies Expense, $4,100.