The entry to adjust for the cost of supplies used during the accounting period is

A) debit Supplies Expense; credit Supplies
B) debit Owner's Equity; credit Supplies
C) debit Accounts Payable; credit Supplies
D) debit Supplies; credit Owner's Equity

Supplies Expense

The cost associated with consumable items or supplies used during a company's operations within an accounting period.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Debit

An entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.