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Question 3 16.5 Points As of June 1, 2017 the beginning balance in the asset account Supplies was $10,000. On June 10, 2017 Baker purchased

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Question 3 16.5 Points As of June 1, 2017 the beginning balance in the asset account Supplies was $10,000. On June 10, 2017 Baker purchased $7,000 of additional supplies and made the following entry: DI CG Supplies 7,000 Cash 7.000 The entry above is the only entry Baker made to the Supplies account during the month of June Based on a physical count, Baker determined that there are $11.500 of supplies remaining on-hand as of June 30. Select the Supplies adjusting entry Baker should make as of June 30, 2017: Supplies Expense Supplies 11,500 11.500 Supplies Expense Supplies 5.500 B 5,500 Supplies Supplies Expense 11.500 11.500 4500 D Supplies Supplies Expense 4.500

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