Question 46

1. If a count of office supplies on hand reveal $1,000 of supplies unused at year-end and the Office Supplies on Hand account has a balance of $2,500, the adjusting entry to bring the Office Supplies on Hand up to date at year-end should include:

   	A.	Debit Office Supplies on Hand $1,000, Credit Office Supplies Expense $1,000
   	B.	Debit Office Supplies on Hand $1,500, Credit Office Supplies Expense $1,500
   	C.	Debit Office Supplies Expense $1,500, Credit Office Supplies on Hand $1,500
   	D.	none of the above