Al the beginning of the year, office supplies of $1,300 were on hand. During the year, Sprint Air Conditioning Service paid $3,500 for more office supplies. At the end of the year, Sprint has $800 of office supplies on hand Read the mogirements. Kequirement 1. Kecord the aqpusting entry assurming that Sprent records the purchase of olice supplies by intially debiting an assiet acoount. post the acjusting entry to the Oftice Supplies and Supplies Expense T-acoounts. Mabe sure to indude the beginning balance and purchase of office supplies in the Office Supplies T-account. Begin by recording the adjusting entry assuming that Sprint records office supplies by intialy debiting an asset account. (Record debits fras, then credits. Seloct the explanabon on the last line of the journal entry) Now post the adjusting entry to the Otice Supplies and Supplies Expense T4locounts Enter the bogining balances on fthe first line of each account. Use a "Jan. 1 reforence to show the begining balance. Make sure to include the puichase of alfice Now post the adjusting entry to the Office Supplies and Supplies Expense T-accounts Enter the beginning balances on the first fine of each account. Use a "Jan. 1" reference to show the beginning balance. Make sure to include the purchase of office supplies in the Office Supplies. T-account, then post the adjusting entry. Use a "Bal," reference to show the ending balance of each account. (For acoounts with a So unadjusted balance, make sure to enter " 0 " on the normal side of the accounts.) Requirement 2. Record the adjusting entry assuming that Speint records the purchase of otlice supplies by initially dobiting an oxperse account. Post the adjustin entry to the Ollice Supplies and Supplies Expense T-accounts. Make sure to inclute the beginning balance in the Oifice Supplies T-account, and the purchase of ofice supplies in the Supplies Expense T-acoount Begin by recording the adjusting entry assuming that Sprint records office supplies by initially debifing an expense account. (Record debits first, then credits. Select the explanation on the last line of the journal entry.) Now post the adjusting entry to the Olice Supplies and Supplios Expense Taccounts, Make sure to include the beginning balance in the Omice Supplies Taccount, and the purchase of office supplies in the Supplies Expense T-acoount. Now post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Make sure to include the beginning balance in the Office Supplies T-account, and the puichase of office supplies in the Supplies Expense Tasocount. Enter the beginning balances on the first line of each account. Use a "Jan. 1 reference to show the beginning balance. Make sure to include the purchase of office supplies in the Office Supplies T-account, then post the adifusting entry. Use a "Bal" reference to show the ending balance of each account. (For accounts with a \$0". unadisisted balmince, make sure to enter " 0 on the normal side of the accounts) Requirement 3. Compare the ending balances of the T-acoounts under both approaches. Are they the same? The ending talances in the Office Supples account and the Supplies Expense account are Which of the two approaches is usod Requirements 1. Record the adjusting entry assuming that Sprint records the purchase of office supplies by initially debiting an asset account. Post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Make sure to include the beginning balance and purchase of office supplies in the Office Supplies T-account. 2. Record the adjusting entry assuming that Sprint records the purchase of office supplies by initially debiting an expense account. Post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Make sure to include the beginning balance in the Office Supplies T-account, and the purchase of office supplies in the Supplies Expense T-account. Now post the adjusting entry to the Office Supplies and Supplies Expense T-accounts. Enter the beginning balances on the first line of each account. Use a "Jan. 1" reference to supplies in the Office Supplies T-account, then post the adjusting entry. Use a "Bal." referer unadjusted balance, make sure to enter " 0 " on the normal side of the accounts.) Ranin hu ramerdinn tha adiuctinn antry gecliminn that Snrint ramede offino eunnlise hus initially