Question 22 5 Points On January 1, 2020 the Supplies account had a balance of $1,200. During the year the company purchased $3,400 of Supplies for cash. On December 31, 2020 Saul determined that there were $1,400 of supplies on hand. What entry should be made at December 31, 2020 to correctly record Supplies Expense incurred during the year. Use the editor to format your