Question 1 Homework - Answered Which of the following statements is true? A When a payment is made for supplies, it is recorded as an expense on the Income Statement. 0 B The amount in supplies expense is the amount of supplies used during the period. C The asset account supplies" is reduced when payments are made for supplies. O D The asset account supplies" and the expense account supplies expense" will always have the same balance Answered 1 attempt left Change your responses to resubmit