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Skysong, Inc. purchased office supplies costing $5740 and debited Supplies for the full amount. At the end of the accounting period, a physical count of

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Skysong, Inc. purchased office supplies costing $5740 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1480 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: O debit Supplies $1480; credit Supplies Expense, $1480. O debit Supplies Expense, $1480; credit Supplies, $1480. O debit Supplies. $4260;credit Supplies Expense, $4260. Odebit Supplies Expense, $4260; credit Supplies, $4260

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