Question 15 Your Corporation started the accounting period with $6,500 in supplies. During the period, the company purchased $2,800 of supplies on account. At the end of the accounting period there was $1,800 of supplies on hand. Your Corporation made the adjusting entry for supplies consumed. The supplies were originally recorded as assets. What is the supplies expense for the period? O $7,500 O $1,900 O $5,550 O $5,500 10 pts O $9,300

Your Corporation started the accounting period with $6,500 in supplies. During the period, the company purchased $2,800 of supplies on account. At the end of the accounting period there was $1,800 of supplies on hand. Your Corporation made the adjusting entry for supplies consumed. The supplies were originally recorded as assets. What is the supplies expense for the period? $7,500 51,900 $5.550 55,500 $9,300