On January 1,Year 2,the Supplies Account of Sheldon Company Had

On January 1,Year 2,the Supplies account of Sheldon Company had a balance of $1,200.During the year,the company purchased $3,400 of supplies on account and made partial payments totaling $3,000 on those accounts.On December 31,Year 2,Sheldon determined that there were $1,400 of supplies on hand.Which of the following would be reported on Sheldon's Year 2 financial statements?

A) $1,600 of supplies;$200 of supplies expense
B) $1,400 of supplies;$2,000 of supplies expense
C) $1,400 of supplies;$3,200 of supplies expense
D) $1,600 of supplies;$3,400 of supplies expense