The Store Supplies account had a $360 debit balance at the end of the accounting period before adjustment for supplies used, and an inventory of $80 worth of unused supplies was on hand. Which of the following is the required adjusting entry?
a. Debit Store Supplies Expense $80 and credit Store Supplies $80.
b. Debit Store Supplies Expense $280 and credit Store Supplies $280.
c. Debit Store Supplies $80 and credit Store Supplies Expense $80.
d. Debit Store Supplies $280 and credit Store Supplies Expense $280.
B
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