Question 14 A company purchased office supplies costing $4300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $770 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be debit Supplies Expense, $3530; credit Supplies, $3530. debit Supplies, $3530; credit Supplies Expense, $3530. debit Supplies, $770; credit Supplies Expense, $770. debit Supplies Expense, $5070; credit Supplies, $5070. Click if you would like to Show Work for this auestion Onan Cha na Question 19 Sheridan Company has the following inventory data: July 1 Beginning inventory 25 units at $16 $400 7 Purchases 88 units at $17 1496 22 Purchases 13 units at $18 234 $2130 A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of qoods sold for July is $1475 $1437 $655. O$693