Hancock Bicycle Company Purchased Supplies on Account During the Month

Hancock Bicycle Company purchased supplies on account during the month of December.The company's records included the following tabular analysis prior to adjustment: $\begin{array}{llcc} \underline{\text { Assets } } &= & \underline{\text { Liabilities }} &+\underline{ \text { Stockholders' Equity} }\end{array}$

$\begin{array}{c}\begin{array}{lll}\\\\\text {Bal.}\\\hline \end{array}\begin{array}{l}\\\underline{\text { Supplies }}=\\2,300 \\\hline\end{array}\begin{array}{c}\text {Accounts}\\\underline{\text { Payable }}\\2,000\\\hline\end{array}\begin{array}{c}\text {common}\\ \underline{\text {Stock}}+\\\\\hline\end{array}\begin{array}{l}\\\underline{\text {Revenue }} -\\\\\hline\end{array}\begin{array}{lll}\text { Supplies }\\\underline{\text {Expense}} - \\ \\\hline \end{array}\begin{array}{lll}\\\underline{\text { Div. }}\\\\\hline\end{array}\end{array}$
If the company has supplies on hand of $500 at the end of the month what entry would be made to the analysis?

A) Decrease Accounts Payable by $1500 and increase Supplies Expense by $1500
B) Increase Supplies Expense by $1800 and decrease Supplies by $1800
C) Decrease Supplies Expense of $2000 and decrease Supplies by $2000
D) Increase Supplies Expense by $500 and decrease Supplies by $500