Marigold Corp. has an opening balance in its supplies account of $1870 and purchases $2340 of supplies during the year. A year-end physical count shows $2180 in supplies inventory. Which is the appropriate journal entry at year end?

Dr Supplies Expense $2030 Cr Supplies $2030

Dr Supplies $2340 Cr Cash $2340

Dr Supplies Expense $2180 Cr Supplies $2180

Dr Supplies $2030 Cr Supplies Expense $2030