Question 9 0.5 pts The year-end trial balance for Garnet & Gold Corporation appears as follows: Garnet & Gold Corporation Trial Balance December 31 Debit Credit Cash $ 300 500 60 140 4,000 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Unearned Revenues Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $ 800 300 1,000 1,400 3,000 1,000 500 $ 6,500 $ 6,500 If, at year-end, supplies on hand were $20, the company should record an adjusting entry that debits Supplies Expense for $20 and credits Supplies for $20. o debits Supplies for $20 and credits Supplies Expense for $20. Odebits Supplies for $120 and credits Supplies Expense for $120. O debits Supplies Expense for $120 and credits Supplies for $120. O debits Supplies Expense for $20 and credits Cash for $20