Bee-In-The-Bonnet Company purchased office supplies costing $8,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,200 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be
A) Debit Supplies Expense, $2,200; Credit Supplies, $2,200.
B) Debit Supplies, $5,800; Credit Supplies Expense, $5,800.
C) Debit Supplies Expense, $5,800; Credit Supplies, $5,800.
D) Debit Supplies, $2,200; Credit Supplies Expense, $2,200.
Correct Answer:
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