Metlock, Inc. purchased equipment for $13500 on December 1. It is estimated that annual depreciation on the computer will be $2700. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $2700; credit Accumulated Depreciation, $2700. debit Depreciation Expense, $225; credit Accumulated Depreciation, $225. debit Depreciation Expense, $10800; credit Accumulated Depreciation, $10800. debit Equipment, $13500; credit Accumulated Depreciation, $13500. A company purchased office supplies costing $6200 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1120 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies, $5080; credit Supplies Expense, $5080. debit Supplies Expense, $7320; credit Supplies, $7320. debit Supplies, $1120; credit Supplies Expense, $1120. debit Supplies Expense, $5080; credit Supplies, $5080