E3A-1 At the beginning of the year, supplies of SI, 190 were on hand. During the year. Laser Printing Company paid $5,400 cash for supplies. At the end of the year, the count of supplies indicates the ending balance is S860. Required 1. Assume that Laser Printing records supplies by initially debiting an asset account. Therefore, place the beginning balance in the Supplies T-account, and record the preced- ing entries directly in the accounts without using a journal. 2. Assume that Laser Printing records supplies by initially debiting an expense account. Therefore, place the beginning balance in the Supplies Expense T-account, and record the preceding entries directly in the accounts without using a journal. 3. Compare the ending account balances under both approaches. Are they the same?