Mookie The Beagle™ Concierge purchased $852 of office supplies during January 2022. At the end of the accounting period on January 31, Mookie The Beagle™ Concierge still had $472 of unused supplies on hand. The $472 of supplies is an asset with future benefit. Since Mookie The Beagle™ Concierge recorded the entire $852 as Office Supplies & Software (Expenses), an adjusting entry is needed to bring accounts up to date at January 31.