Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Jenna's Barkery had revenues of $3,000, all of which was collected in cash. She paid her assistant $1,000 in cash and purchased $200 of supplies on account. The business paid cash dividends of $500. Stockholders' Equity Accounts Retained Earnings + Supplies - Payable Stock 1.000 Rer. Beg.Bal. Exp. Div. 1,000 Jenna will record the purchase of the supplies by Assets Llab, Common Cash increasing Supplies and decreasing Cash. increasing Supplies Expense and decreasing Accounts Payable. increasing Supplies and increasing Accounts Payable. increasing Supplies Expense and decreasing Supplies