The Supplies account had a P2,800 debit balance at the end of the accounting period before

adjustment for supplies used, and an inventory of P600 worth of unused supplies was on hand. Which of

the following is the required adjusting entry?

a.

Debit Supplies Expense P600 and credit Supplies P600.

b.

Debit Supplies P600 and credit Supplies Expense P600.

c.

Debit Supplies P2, 200 and credit Supplies Expense P2, 200.

d.

Debit Supplies Expense P2, 200 and credit Supplies P2, 200