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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 $3140 in supplies inventory. Which is the appropriate journal entry at year end?
A.Dr Supplies $2910
Cr Supplies Expense $2910
B.Dr Supplies Expense $2910
Cr Supplies $2910
C.Dr Supplies $3360
Cr Cash $3360
D.Dr Supplies Expense $3140
Cr Supplies $3140

Q&A Education