A corporation started business this year and it purchased $5,000 of office supplies and debited supplies for the full cost. Supplies on hand at the end of the accounting period were $1,300. The company's appropriate adjusting journal entry to be made would be a O debit to Supplies Expense for $3,700 and a credit to Supplies for $3,700. debit to Supplies Expense for $1,300 and a credit to Supplies for $1,300. O debit to Supplies for $3,700 and a credit to Supplies Expense for $3,700. O debit to Supplies for $1,300 and a credit to Supplies Expense for $1,300. O No adjusting entry is necessary.

A corporation started business this year and it purchased $5,000 of office supplies and debited supplies for the full cost. Supplies on hand at the end of the accounting period were $1,300. The company's appropriate adjusting journal entry to be made would be a debit to Supplies Expense for $3,700 and a credit to Supplies for $3,700. debit to Supplies Expense for $1,300 and a credit to Supplies for $1,300. debit to Supplies for $3,700 and a credit to Supplies Expense for $3,700. debit to Supplies for $1,300 and a credit to Supplies Expense for $1,300. No adjusting entry is necessary