On May 1, 2017. Cripe Corporation paid $50,000 cash for equipment that will be used in business operations. What is the adjusting journal entry made on December 31, 2017 to properly record depreciation expense of $9,000? Debit equipment; credit cash B None of the choices are correct Debit depreciation expense; credit accumulated depreciation Debit accumulated depreciation; credit depreciation expense Debit depreciation expense; credit equipment Question 3 1.4 Points On January 8, Nickel Corporation purchased supplies of $800 on its account (meaning Nickel received supplies before paying cash). The journal entry to record the purchase will include: Dr. Accounts Payable $800; Credit Supplies $800 B Dr. Supplies expense 800; Cr. Cash 800 Dr. Supplies 800; Cr. Accounts Payable 800 Dr. Supplies expense $800; Credit Accounts Payable $800 E Dr. Cash 800; Cr. Supplies 800 Dr. Supplies 800; Cr. Revenue 800 Dr. Supplies $800; Cr> Accounts Receivable $800