【单选题】A business had $1,000 supplies on 1 July, and during the year purchased $20,000 supplies. On 30 June, supplies on hand was $3,500. What is the adjusting entry to record supplies used during the curren...
A.
Dr Supplies $17,500 Cr Supplies expense $17,500
B.
Dr Supplies $17,500 Cr Cash at bank $17,500
C.
Dr Supplies expense $17,500 Cr Supplies $17,500
D.
Dr Prepaid supplies $17,500 Cr Supplies expense $17,500