Blackbd Duckbed Collabox Pearse P Pearson e Text x New Tab son.com/eplayer/pdfbook?bookid-113573&platform=1030&smsuserid 967258238scenario=11&invoketype=et&booksen Suggested Sites @ jet airways - Googl. Finance (B.B.A) fro.. BSc Accounting an... Qs Undergraduate... Q Onlin ( 169 Joy The Adjusting Proces Learning Objectives 3, Appendix 3A E3A-31 Understanding the alternative treatment of prepaid expenses At the beginning of the year, office supplies of $1,200 were on hand. During the year, Tempo Air Conditioning Service paid $4,000 for more office supplies. At the end of the year, Tempo has $800 of office supplies on hand. Requirements 1. Record the adjusting entry assuming that Tempo 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 Tempo 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. 3. Compare the ending balances of the T-accounts under both approaches. Are they the same