On April 1, a company paid the $3,750 premium on a three-year insurance policy with benefits beginning on that date What amount of the insurance expense will be reported on the annual income statement for the year ended December 31? Multiple Choice $3,750.00. $1,25000 Prior to recording adjusting entries, the Office Supplies account had a $382 debit balance. A physical count of the supplies showed $102 of unused supplies available. The required adjusting entry is: Multiple Choice Debit Office Supplies $102 and credit Office Supplies Expense $102 Debit Office Supplies Expense $102 and credit Office Supplies $102 1 of 23 Next