The policy at Novak Corp. is to expense all office supplies at the time of purchase. On the last day of the accounting period, there are $$1340$ of unused office supplies on hand and the balance of supplies expense is $$4270.$ What should the accountant do to prepare accrual$-$basis financial statements?

a$.$ Debit Supplies Expense for $$2930$ and credit Supplies for $$2930.$

b$.$ Convince management to change its policy to avoid problems in the future.

c$.$ Nothing, company policy says to expense supplies when purchased.

d$.$ debit Supplies and credit Supplies Expense for $$1340.$