Oriole Company purchased office supplies costing $7840 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2800 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be O debit Supplies, $5040; credit Supplies Expense, $5040. O debit Supplies Expense, $2800; credit Supplies, $2800. O debit Supplies, $2800; credit Supplies Expense, $2800. O debit Supplies Expense, $5040; credit Supplies, $5040. Jm

Oriole Company purchased office supplies costing $7840 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2800 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be debit Supplies, \$5040; credit Supplies Expense, \$5040. debit Supplies Expense, \$2800; credit Supplies, \$2800. debit Supplies, \$2800; credit Supplies Expense, \$2800. debit Supplies Expense, \$5040: credit Supplies, \$5040