The policy atWhispering Winds Corp.is to expense all office supplies at the time of purchase. On the last day of the accounting period, there are $1010of unused office supplies on hand and the balance of supplies expense is $3220. What should the accountant do?

Nothing, company policy says to expense supplies when purchased.

Debit Supplies Expense for $2210and credit Supplies for $2210.

Convince management to change its policy to avoid problems in the future.

Debit Supplies and credit Supplies Expense for $1010.