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Sunland Company purchased supplies costing $7030 and debited Supplies for the full amount. At the end of the accounting perioda physical count of supplies revealed

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Sunland Company purchased supplies costing $7030 and debited Supplies for the full amount. At the end of the accounting perioda physical count of supplies revealed $1870 still on hand. The appropriate adjusting Journal entry to be made at the end of the period would be O Debit Supplies Expense, 51870. Credit Supplies 51870 Debit Supplies 55160; Credit Supplies Expense. 55160. Debit Supplies, $1870. Credit Supplies Expense $1870

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