Brief Exercise 278 Prepare adjusting entries for the following transactions of the Indigo Ice Cream Shoppe for the year ending December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) The beginning balance in the supplies account was $600. Supplies totaling $4,680 were purchased during the year. At the end of the period, an inventory counted $300 of supplies on hand. 2. The business rented a storage unit on July 1 and prepaid the $2,520 annual rental fee. 3. On April 1, the company borrowed $12,000 on a 7%, 9-month note which is due January 1, 2023. 1. No. Account Titles and Explanation Debit Credit 1. 2. 3. Click if you would like to Show Work for this question: Open Show Work