Reese Company Ltd started the year with office supplies on hand of $4,000. Additional purchases during the year totaled $1,290. At the end of the accounting period, a physical count of office supplies revealed $1,600 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

Select one:

a.Debit Office Supplies Expense, $4,000; Credit Office Supplies, $4,000

b.Debit Office Supplies, $1,290; Credit Office Supplies Expense, $1,290

c.Debit Office Supplies Expense, $3,690; Credit Office Supplies, $3,690

d.Debit Office Expense $1,600; Credit Office Supplies $1,600

e.Debit Office Supplies $5,290; Credit Office Supplies Expense $5,290

Clear my choice