5-42. (Treatment of inventories-consumption method) The City of Walck uses the consumption method to account for supplies inventory in its General Fund. Supplies of $28,000 were purchased during the year and supplies of $10,000 were used during the year. Prepare the journal entries to record the purchase and use of supplies. (Assume that vouchers payable is used and cash has not yet been disbursed to pay for the inventory.)