Multiple Choice Question 122 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, 51120; Credit Supplies Expense, $1120. debit Supplies Expense, $5080; credit Supplies, 35080. debit Supplies Expense, 57320; credit Supplies, $7320