Carl's Bakery, Inc, began operations in October. The owner contributed cash of $27,000 and a delivery truck with fair value of $36,000 to the company. Which of the following describes how these transactions would affect the company's equity accounts? Select one: a. Increase contributed capital by 563.000 b. Increase earned capital by 563,000 C. Increase contributed capital by $27,000 and earned capital by 536,000 d. Increase eamed capital by 527,000 and contributed capital by $36,000 O e. None of the above During its first three months of operations, Carrs Bakery, Inc purchased supplies such as plates, napkins, bags, and cutlery for $18.000 and recorded this as supplies inventory Supplies on hand at the end of the first quarter, amount to $11,200. To prepare financial statement for the first quarter the company must record which of the following accounting adjustments? Select one: O a. None of the above O b. Increase Supplies expense by 56,800 and decrease Supplies inventory by 56.800 C. Increase Supplies expense by $11,200 and decrease Supplies inventory by $11,200 O d. Increase Supplies inventory by 56,800 and decrease Supplies expense by 56.800 e. Increase Supplies inventory by $11.200 and decrease Supplies expense by 511.200