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At the beginning of December, ABC Company had $1,400 in supplies on hand. During the month, supplies purchased amounted to $3,700, but by the end

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At the beginning of December, ABC Company had $1,400 in supplies on hand. During the month, supplies purchased amounted to $3,700, but by the end of the month the supplies balance was only $1,200. What is the appropriate month-end adjusting entry? Multiple Choice Debit supplies expense $3,900, credit supplies $3,900 Debit cash $1,200, credit supplies $1,200 Debit supplies $3,900, credit supplies expense $3,900 Debit cash $3,900, credit supplies $3,900

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