Morgan Company used supplies in the amount of $2,000. Due to an error in posting to the general ledger, the supplies account was credited for $2,000 while supplies expense was debited for $200. Which of the following is correct? Multiple Choice The required adjusting journal entry is classified as a deferral. Morgan's accountant will need to prepare an adjusting entry debiting Cash for $1,800. The other financial statements will be impacted by this error. Since only revenue and expense accounts need adjustments, the accountant should debit supplies expense and credit a revenue account