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Vaughn Manufacturing has an opening balance in its supplies account of $2450 and purchases $3000 of supplies during the year. Ayear-end physical count shows $2860

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Vaughn Manufacturing has an opening balance in its supplies account of $2450 and purchases $3000 of supplies during the year. Ayear-end physical count shows $2860 in supplies inventory Which is the appropriate journal entry at Year end O Dr Supplies Expense $2860 Cr Supplies $2860 OD Solles $3060 Cr Cash $3060 O Dr Suplies Expense $2650 Cr Supplies 52650 O Dr Supplies 52650 Cr Supplies Expense $2650

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