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which is appropriate journal entry at year end? Question 7 of 50 -15 View Policies Current Attempt in Progress Cheyenne Corp has an opening balance

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Question 7 of 50 -15 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 yea end physical count shows $2460 in supplies inventory. Which is the appropriate journal entry at year end? Dr Supplies $2290 C Supplies Expense $2290 Dr Supplies Expense 52460 C Supplies 52460 Dr Supplies 52640 GCash 52640 Or Supplies Expense $2990 C Stipplies 52200

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