At the beginning of December, ABC Company had $1,700 in supplies on hand. During the month, supplies purchased amounted to $3,900, but by the end of the month the supplies balance was only $1,600. What is the appropriate month-end adjusting entry? Multiple Choice Debit cash $4,000, credit supplies $4,000 Debit cash $1,600, credit supplies $1,600 Debit supplies expense $4,000, credit supplies $4,000 O Debit supplies $4,000, credit supplies expense $4,000