Maya Company had $$12,000$ of supplies at the end of October. During November, the company bought $$4,000$ of supplies. At the end of November, the

company had $$2,000$ of supplies remaining. Which of the following statements is not correct?

Multiple Choice

Supplies should be reported at $$2,000$ on the balance sheet.

An expense should be debited for $$14,000$ in November.

During November, the company used $$14,000$ of supplies.

An asset should be debited for $$2,000$ in November.