Teri's Tanning Salons had a balance of $46,300 in its Supplies account on January 1, 2005. The company made two purchases of supplies during 2005, each in the amount of $57,400. The company recorded the first purchase by debiting Supplies Expense and crediting Accounts Payable for $57,400. The company recorded the second purchase by debiting Supplies and crediting Accounts Payable for $57,400. A count of the supplies at December 31, 2005, revealed that $27,900 of supplies remained on hand. Which of the following statements is true?

a. Supplies Expense for the year was $133,200.

b. The adjusting entry to properly state the accounts credited Supplies for $133,200.

c. Supplies Expense for the year was $75,800.

d. The adjusting entry to properly state the accounts debited Supplies for $75,800.

e. None of the above.