Knoll Company started Year 2 with a $640 balance in its cash account, a $680 balance in its supplies account and a $1,320 balance in its common stock account. During Year 2, the company experienced the following events. (1) Paid $330 cash to purchase supplies (2) Physical count revealed $350 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? Multiple Choice Account Title Debit Credit Supplies Expense 1,010 Supplies 1,010 nebit Credit