The supplies account has a $3,000 beginning balance. Supplies in the amount of $5,000 were purchased during the accounting period. An ending inventory revealed a $1,200 balance of supplies on hand. The entry to adjust the account accordingly is:
A.
Supplies 5,000 Supplies Expense 5,000
B.
Supplies Expense 6,800 Supplies 6,800
C.
Supplies 3,000 Supplies Expense 3,000
D.
Supplies Expense 1,200 Supplies 1,200