Xerox Company follows a policy of charging all its payments made in advance into expenses. On December 31, 2018, the company had supplies on hand amounting to $3,000. During 2019, the company paid $2,000 in advance for a 2 year insurance policy, and purchased additional supplies for $4,500 cash. During 2019, supplies amounting to $6,200 were used. The supplies account during 2019 should be

Select one:

a.

Debited by $6,200

b.

Credited by $3,000

c.

Debited by $4,500

d.

Credited by $2,000