If Supplies Have Been Used Up During the Accounting Period

Multiple Choice

If supplies have been used up during the accounting period, the correct adjusting entry would be:

A) increase the asset 'supplies' and increase 'supplies expense.'
B) increase the asset 'supplies' and reduce the 'supplies expense.'
C) reduce the asset 'supplies' and reduce the 'supplies expense.'
D) reduce the asset 'supplies' and increase the 'supplies expense.'