Complete the following adjusting entry for Mookie The Beagle Concierge.

Mookie The Beagle Concierge purchased $426 of supplies during

January 2018. At the end of the accounting period on January 31, Mookie

The Beagle Concierge still had $236 of unused supplies on hand. The

$236 of Supplies is an asset with future benefit. Since Mookie The Beagle

Concierge recorded the entire $426 as Supplies Expense, an adjusting

entry is needed to bring accounts up to date at January 31.

the accounts:

Supplies Expense (Expense)

Prepaid Expenses: Supplies