The balance in the supplies account before adjustment at the end of the year is...

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Accounting

The balance in the supplies account before adjustment at the end of the year is $661. The proper adjusting entry if the amount of supplies on hand at the end of the year is $317 would be
a. debit Supplies Expense, $344; credit Supplies, $344
q, b. debit Supplies Expense, $317; credit Supplies, $317
debit Supplies, $317; credit Supplies Expense, $317
debit Supplies, $344; credit Supplies Expense, $344
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