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Rusult Griffin Inc. purchased supplies costing $4,250 and debited Supplies for the full amount. At the end of the accounting period, a physical count of
Rusult Griffin Inc. purchased supplies costing $4,250 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be O debit Supplies Expense, $2,150; credit Supplies, $2,150. debit Supplies Expense, $2,100; credit Supplies, $2,100. O debit Supplies, $4,250; credit Supplies Expense, $4,250. O debit Supplies, $2,100; credit Supplies Expense, $2,100
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