At the beginning of the year, office supplies of $$1,100$ were on hand. During the year, Spring Air Conditioning Service paid $$3,500$ for more office supplies. At the end of the year, Spring has $$600$ of office supplies on hand.

Read the requirements. to include the beginning balance and purchase of office supplies in the Office Supplies T $-$account.

Begin by recording the adjusting entry assuming that Spring records office supplies by initially debiting an asset account. $($Record debits first, then credits. Select the explanation on the last line of the journal entry.$)$

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Requirements

Record the adjusting entry assuming that Spring 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.

Record the adjusting entry assuming that Spring 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.

Compare the ending balances of the T $-$accounts under both approaches. Are they the same? $$

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