The supplies inventory on August 1, 2020 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the supplies inventory. A count on July 31, 2021 indicated supplies on hand of $8,810. The adjusting entry for supplies inventory will

	A.	increase net income by $24,690.
	B.	increase expenses by $24,690.
	C.	decrease supplies by $8,810.
	D.	debit Accounts Payable for $8,810.