11A. Print It Printing Services purchased $4,000 of printing supplies for cash, recording the transaction using the alternative treatment for deferred expenses. At the end of the year, Print It had $400 of printing supplies remaining. Record the journal entry for the purchase of printing supplies and the adjusting entry for printing supplies not used. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First record the journal entry for the purchase of printing supplies. Date Accounts and Explanation Debit Credit Now record the adjusting entry for printing supplies not used. Date Accounts and Explanation Debit Credit Accounts Payable Accounts Receivable Cash Prepaid Printing Supplies Printing Supplies Supplies Expense