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At the beginning of December, LSUS Corporation had $1,000 in supplies on hand. During the...

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Accounting

At the beginning of December, LSUS Corporation had $1,000 in supplies on hand. During the month, supplies purchased amounted to $3,000, by the end of the month the supplies balance was $1,500. What is the appropriate month-end adjusting entry?
a. Debit supplies expense $2,500, credit supplies $2,500.
b. Debit supplies $3,000, credit cash $3,000.
c. Debit Supplies Expense $3,500, credit Supplies $3,500.
d. Debit Supplies $3,500, credit Supplies Expense $3,500.
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