The date of the financial statement is 12/31. What is the adjusting journal on 12/31 for the following transaction: Supplies on January 1 are $700.$3,000 of supplies were purchased during the year and the ending inventory of supplies on December 31 is $1,400. A. Debit supplies expense $2,300 B. Credit cash $2.300 C. Debit supplies $2,300 D. Credit supplies payable $2,300