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riole Company has an opening balance in its supplies account of $2690 and purchases $3360 of supplies during the year. A year-end physical count shows

riole Company has an opening balance in its supplies account of $2690 and purchases $3360 of supplies during the year. A year-end physical count shows $3140 in supplies inventory. Which is the appropriate journal entry at year end?

Dr Supplies $2910 Cr Supplies Expense $2910

Dr Supplies Expense $2910 Cr Supplies $2910

Dr Supplies $3360 Cr Cash $3360

Dr Supplies Expense $3140 Cr Supplies $3140

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