19 Cougar Company, who sells college logo memorabilia, purchased $110,000 of supplies on account during 2020. On January 1, 2020, ABC had $44,000 in the supplies account and on December 31, 2020 a physical count of supplies revealed $38,000 still on hand. In the adjusting entry on December 31, 2020, what is the debit to supplies expense? X 01:33:12 Multiple Choice 0 $ 66,000 0 $ 72,000 0 $116,000 0 $154,000