Clean Sweep,Inc

Multiple Choice

Clean Sweep,Inc.started the month of June with $600 worth of cleaning supplies.During the month,Clean Sweep purchased $400 of supplies for cash.At June 30,$300 worth of supplies was unused.How will the company report its unused supplies on June 30?

A) $400 of unused supplies will appear as an expense on the income statement.
B) $700 of unused supplies will appear as an expense on the income statement.
C) $300 of unused supplies will appear as an asset on the balance sheet.
D) $700 of unused supplies will appear as an asset on the balance sheet.