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Richard is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Richard purchased $1520 of

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Richard is a barber who does his own accounting for his shop. When he buys supplies he routinely debits Supplies Expense. Richard purchased $1520 of supplies in January and his inventory at the end of January shows $360 of supplies remaining What adjusting entry should Richard make on January 3 1520 Supplies Expense Cash 1520 360 Supplies Supplies Expense 360 1160 Supplies Expense Supplies 1160 360 Supplies Expense Supplies 360

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