The trial balance for McGoo Company appears as follows:

McGoo Company

Trial Balance

December 31, 2020

Cash

$ 300

Accounts Receivable

522

Prepaid Insurance

82

Supplies

180

Equipment

4,000

Accumulated Depreciation - Equipment

$ 600

Accounts Payable

384

Common Stock

1,200

Retained Earnings

1,400

Service Revenue

3,000

Salaries and Wages Expense

1,000

Rent Expense

500

$6,584

$6,584

If, on December 31, 2020 supplies on hand were $50, the adjusting entry would contain a

Group of answer choices

A)debit to Supplies Expense for $50.

B)credit to Supplies for $130.

C)credit to Supplies Expense for $50.

D)debit to Supplies for $130.