Ignatenko Company purchased office supplies costing $5,000 and debited Supplies for the full amount. Supplies on hand at the end of the accounting period were $1,300. The appropriate adjusting journal entry to be made would be
A. Supplies Expense $3,700
Supplies $3,700
B. Supplies $1,300
Supplies Expense $4,000
C. Supplies $3,700
Supplies Expense $3,700
D. Supplies Expense $1,300
Supplies $1,300
Answer: A
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