On March 8 Saltwater Taffy Company Bought Supplies on Account $\begin{array}{lrr} \text { Supplies } &440\\ \text { Accounts Payable} &&440\\\end{array}$

On March 8 Saltwater Taffy Company bought supplies on account from the Sweet Honey Company for $440. Saltwater Taffy Company incorrectly debited Equipment for $400 and credited Accounts Payable for $400. The entries have been posted to the ledger. The correcting entry should be: a.
$\begin{array}{lrr} \text { Supplies } &440\\ \text { Accounts Payable} &&440\\\end{array}$

b.
$\begin{array}{lrr} \text { Supplies } &440\\ \text { Accounts Payable} &&400\\ \text { Equipment. } &&40\end{array}$

c.
$\begin{array}{lrr} \text {Supplies } &440\\ \text { Equipment. } &&440\\\end{array}$

d.
$\begin{array}{lrr} \text {Supplies } &440\\ \text { Equipment } &&400\\ \text {Accounts Payable } &&40\end{array}$