A hair salon purchased $7,900 of salon supplies for later use on August 1. On August 31, a physical count of salon supplies indicated only $2,600 remained on hand. The adjusting entry that should be made by the company on August 31 is: Salon Supplies Salon Supplies Expense 2.600 2,600 Salon Supplies Expense Salon Supplies 2.600 2,600 5,300 5,300 Salon Supplies Salon Supplies Expense Salon Supplies Expense Salon Supplies 5.300 5.300