Darrell, the accountant for Amaze Ltd. recorded the purchase of stationery transaction as follows: DR Stationery expense $2,200 CR Cash $2,200 For the year ended 31 Dec 2017, the stationery expense was estimated at $1,450. Which of the following is the best adjusting entry to be passed on 31 Dec 2017?

Question 10 options:

1) DR Unused stationery $750 CR Cash $750

2) DR Unused stationery $750 CR Stationery Expense $750

3) DR Unused stationery $ 1,450 CR Stationery Expense $ 1,450

4) DR Stationery Expense $ 1,450 CR Unused stationery $1,450