Boone Corporation purchased supplies costing $5,000 on July 1. In the July 31st trial balance the supplies account shows a balance of $5,000. However, an inventory count at the close of the month shows that only $2,000 of supplies are still on hand at July 31st. What is the journal entry to record the adjustment for Supplies? Select one: Oa. Dr.Supplies $2,000. Cr.Supplies Expense $2,000 O b. Dr.Supplies Expense $3,000. Cr.Supplies $3,000 O c. Dr.Supplies Expense $2,000. Cr.Supplies $2,000 Od. Dr.Supplies $5,000. Cr.Supplies Expense $5,000 Closing entries do all of the following except? Select one: O a. Close the revenue and expense accounts to the Income Summary Account. O b. Close the Income Summary Account to Retained Earnings. Oc. Close Dividends to Retained Earnings. O d. Close Liabilities to the Income Summary Account.