Sheridan Company purchased office supplies costing $5880 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

debit Supplies, $2100; credit Supplies Expense, $2100.

debit Supplies, $3780; credit Supplies Expense, $3780.

debit Supplies Expense, $3780; credit Supplies, $3780.

debit Supplies Expense, $2100; credit Supplies, $2100.