41. Your company buys office supplies and debits Supplies On Hand for $10,000. At year end, you estimate that you used $4,000 of these supplies. What is the expense for supplies used? a. $10,000 b. $6,000 c. $4,000 d. $0 42. Generally, an adjusting journal entry ... a. is used in both accrual basis and cash basis accounting. b. affects both the income statement and the balance sheet. c. affects only the income statement. d. affects only the balance sheet