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Bauer Company, who sells college logo clothing, purchased $135,000 of supplies on account during 2020. On January 1, 2020. ABC had $38,000 in the supplies

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Bauer Company, who sells college logo clothing, purchased $135,000 of supplies on account during 2020. On January 1, 2020. ABC had $38,000 in the supplies account and on December 31, 2020 a physical count of supplies revealed $44,000 still on hand. In the adjusting entry on December 31, 2020, what is the debit to supplies expense? Multiple Choice $ 59,000 $ 91,000 5 97000 129000

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