On December 31, Treats Catering Inc.'s trial balance shows a $1,000 balance in the Supplies account. However, a physical count of the supplies determined that only $350 of supplies actually remain in the supply cabinet. Select the adjusting entry made on December 31, to record the amount of supplies that had been used during the year.
A.
| Supplies | $ | 650 | ||
| Supplies Expense | $ | 650 | ||
B.
| Supplies | $ | 350 | ||
| Supplies Expense | $ | 350 | ||
C.
| Supplies Expense | $ | 650 | ||
| Supplies | $ | 650 | ||
D.
| Supplies Expense. | $ | 350 | ||
| Supplies | $ | 350 | ||
Answer: C
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