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  3. at the beginning of december, abc company had $1,9

At the beginning of December, ABC Company had $1,900 in supplies on hand. During the...

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Accounting

At the beginning of December, ABC Company had $1,900 in supplies on hand. During the month, supplies purchased amounted to $3,400, but by the end of the month the supplies balance was only $2,700. What is the appropriate month-end adjusting entry? Multiple Choice Debit cash $2,700, credit supplies $2,700 Debit cash $2,600, credit supplies $2,600 Debit supplies $2,600, credit supplies expense $2,600 Debit supplies expense $2,600, credit supplies $2,600

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