Harrison Tool Company Purchased Supplies on Account During the Month

Harrison Tool Company purchased supplies on account during the month of December for $3000.The bill will be paid on January 7.At the end of the month the company's records included the following tabular analysis: $\begin{array}{llcc} \underline{\text { Assets } } &= & \underline{\text { Liabilities }} &+\underline{ \text { Stockholders' Equity} }\end{array}$

$\begin{array}{c}\begin{array}{lll}\\\\\text {Bal.}\\\hline \text {Dec. 31}\\\hline \text {Adj. Bal.}\\\hline \end{array}\begin{array}{l}\\\underline{\text { Supplies }}=\\3,500 \\\hline-2,000 \\\hline 1,500\\\hline\end{array}\begin{array}{c}\text {Accounts}\\\underline{\text { Payable }}\\3,000\\\hline\\\hline\\\hline \end{array}\begin{array}{c}\text {common}\\ \underline{\text {Stock}}\\\\\hline\\\hline\\\hline\end{array}\begin{array}{l}\\\underline{\text {Revenue }} -\\\\\hline\\\hline\\\hline \end{array}\begin{array}{lll}\text { Supplies }\\\underline{\text {Expense}} - \\-0 \\\hline -2,000 \\\hline -2,000 \\\hline\end{array}\begin{array}{lll}\\\underline{\text { Div. }}\\\\\hline\\\hline\\\hline \end{array}\end{array}$
Harrison Company's financial statements will report:

A) Supplies Expense of $3000
B) Supplies of $3000
C) Supplies Expense of $2000
D) Accounts Payable of $1500