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Knoll Company started Year 2 with a $500 balance in its cash account, a $500 balance in Its supples account and a $1,000 balance in
Knoll Company started Year 2 with a $500 balance in its cash account, a $500 balance in Its supples account and a $1,000 balance in its common stock account. During Year 2, the company experienced the following events Pald $400 cash to purchase supplies (2) Physical count revealed $100 of supplies on hand at the end of Year 2 Based on this information which of the following journal entries would be required to recognize supplies expense at the end of Year 2? 900 O Supplies Expense Supplies 900 800 O Supplies Expense Supplies 800 O Supplies Payable Supplies 900 900 800 O Supplies Supplies Expense 800
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