Wiley Consulting Purchased $7,000 Worth of Supplies and Paid Cash $\begin{array}{|l|r|r|}\hline \text { Supplies Expense } & 7,000 & \\\hline \text { Accounts Payable } & & 7,000 \\\hline\end{array}$

Wiley Consulting purchased $7,000 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A)
$\begin{array}{|l|r|r|}\hline \text { Supplies Expense } & 7,000 & \\\hline \text { Accounts Payable } & & 7,000 \\\hline\end{array}$
B)
$\begin{array}{|l|r|r|}\hline \text { Supplies } & 7,000 & \\\hline \text { Cash } & & 7,000 \\\hline\end{array}$
C)
$\begin{array}{|l|r|r|}\hline \text { Supplies } & 7,000 & \\\hline \text { Accounts Payable } & & 7,000 \\\hline\end{array}$
D)
$\begin{array}{|l|r|r|}\hline \text { Accounts Payable } & 7,000 & \\\hline \text { Supplies } & & 7,000 \\\hline\end{array}$
$$\begin{array}{l}\text { E) }\\\begin{array} { | l | r | r | } \hline \text { Cash } & 7,000 & \\\hline \text { Supplies } & & 7,000 \\\hline\end{array}\end{array}$$