11. Assume that a business (corporation) routinely records the purchase of office supplies using the balance sheet method. Assume also that the business had a balance of $4,200 in its Office Supplies Inventory account at the beginning of the year and that it purchased $7,000 of office supplies during the year. At the end of the year, an inventory reveals the existence of $3,000 of office supplies on hand. To adjust its accounting records as of the end of the year, the business should ... A. Debit Office Supplies Inventory for $3,000 B. Credit Office Supplies Expense for $8,200 C. Debit Office Supplies Inventory for $3,000 D. Debit Office Supplies Expense for $8,200 E. None of the above