Majan Company purchased RO 7,800 worth of supplies on August 2 and recorded the purchase as an asset. On August 31, an inventory of the supplies indicated only RO 1,800 on hand. The adjusting entry that should be made by the company on August 31 is Select one: a. Debit Supplies, RO 1,800; Credit Supplies Expense, RO 1,800. o b. Debit Supplies Expense, RO 1,800; Credit Supplies, RO 1,800, o c. Debit Supplies Expense, RO 6,000; Credit Supplies, RO 6,000. o d. Debit Supplies, RO 6,000; Credit Supplies Expense, RO 6,000. The income statement for the year 2011 of SQU contains the following information: Revenues $63,000; Expenses $66,150. The entry to close Income Summary to Retained Earnings includes Select one: a. A debit to Retained Earnings for $3,150. O b. A debit to Income Summary for $3.150. o c. Credits to Expenses totaling $66,150. O d. A debit to Revenue for $63,000