Question 9 View Policies Current Attempt in Progress Cheyenne Corp. has an opening balance in its supplies account of $2110 and purchases $2640 of supplies during the year. A year-end physical count shows $2460 in supplies inventory. Which is the appropriate journal entry at year end? Dr Supplies $2640 Cr Cash $2640 Dr Supplies $2290 Cr Supplies Expense $2290 Dr Supplies Expense $2460 Cr Supplies $2460 Dr Supplies Expense $2290 Cr Supplies $2290 Question 10 View Policies Current Attempt in Progress Foley Marketing received $61200 from a customer on January 2nd, 2017 to be on retainer for the next 2 years. The appropriate journal entry to recognize earned revenue at Foley's fiscal year-end on December 31st, 2017 would be Service Revenue $30600 Unearned Revenue $30600 Unearned Revenue $30600 Service Revenue $30600 Unearned Revenue $30600 Cash $30600 Service Revenue $30600 Cash $30600