Crane Company purchased supplies costing $4300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $1600 still on hand. The appropriate adjusting entry to be made at the end of the period would be O debit Supplies Expense, $1600; credit Supplies, $1600. debit Supplies, $2700; credit Supplies Expense, $2700. debit Supplies Expense, $2700; credit Supplies, $2700. O debit Supplies, $1600; credit Supplies Expense, $1600.

Crane Company purchased supplies costing $4300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $1600 still on hand. The appropriate adjusting entry to be made at the end of the period would be debit Supplies Expense, $1600; credit Supplies, $1600. debit Supplies, \$2700; credit Supplies Expense, $2700. debit Supplies Expense, \$2700; credit Supplies, $2700. debit Supplies, \$1600; credit Supplies Expense, $1600