The Supplies Account Has a Balance of $2,100 at the Beginning

Multiple Choice

The supplies account has a balance of $2,100 at the beginning of the year and was debited during the year for $2,300, representing the total of supplies purchased during the year. If $400 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is

A) $400
B) $200
C) $4,800
D) $4,000