Sun Company purchased office supplies costing JOD 100,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed JOD 50,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be a. Debit Supplies, JOD 40,000, Credit Supplies Expense, JOD 40,000 b. Debit Supplies Expense, JOD 40,000; Credit Supplies, JOD 40,000 c. Debit Supplies, JOO 80,000; Credit Supplies Expense, JOD 60,000 a Debit Supplies Expense, JOD 60,000; Credit Supplies, JOD 60,000 The permanent accounts appear on which financial statement Select one: O a. Income Statement b. Retained Earnings Statement c. Statement of Cash Flows d. Statement of Financial Position