Boyce Company Purchased Office Supplies Costing $7,000 and Debited Supplies

Multiple Choice

Boyce Company purchased office supplies costing $7,000 and debited Supplies for the full amount.At the end of the accounting period, a physical count of office supplies revealed $1,800 still on hand.The appropriate adjusting journal entry to be made at the end of the period would be:

A) debit Supplies Expense, $5,200; credit Supplies, $5,200.
B) debit Supplies, $1,800; credit Supplies Expense, $1,800.
C) debit Supplies Expense, $1,800; credit Supplies, $1,800.
D) debit Supplies, $5,200; credit Supplies Expense, $5,200.