Sturgis Company began its operations on March 1, 2016. The following information is from Sturgis Company's accounting records for 2016.

1.	Acquired $40,000 from the issuance of common stock.
2.	Provided $130,000 of services on account.
3.	Purchased $3,200 of supplies on account.
4.	Collected $112,000 from accounts receivable.
5.	Paid $64,000 for salaries expense.
6.	Adjusted the records to reflect the use of supplies. A physical count indicated that $700 of the supplies was still on hand on December 31, 2016.

Record the transactions in general ledger accounts under an account equation and select the correct statement.

rev: 10_09_2015_QC_CS-28269

a. Ending cash balance is $88,000.

b. Sales revenue is $112,000.

c. Supplies expense is ($700).

d. Ending cash balance is $88,000 and Supplies expense is ($700).