$8.$ The opening balance of supplies is $$500,$ cost of purchased during the period is $$1,500.$ The result of stock count at the year$-$end shows only $$400$ inventory on hand. After adjusting entries had been made and posted, what is the closing entry for supplies expense during the period?

A$.$ Dr$.$ Supplies expense for $$500$ and Cr$.$ Income Summary for $$500.$

B$.$ Dr$.$ Supplies expense for $$2,000$ and Cr$.$ Income Summary for $$2,000.$

C$.$ Dr$.$ Income Summary for $$400$ and Cr$.$ Supplies expense for $$400.$

D$.$ Dr$.$ Supplies expense for $$1,600$ and Cr$.$ Income Summary for $1,600.$

E$.$ Dr$.$ Income Summary for $$1,600$ and Cr$.$ Supplies expense for $$1,600.$