Prior to recording adjusting entries, the Office Supplies account had a $383 debit balance. A physical count of the supplies showed $101 of unused supplies available. The required adjusting entry is:

Multiple Choice

Debit Office Supplies $101 and credit Office Supplies Expense $101

Debit Office Supplies Expense $101 and credit Office Supplies $101.

Debit Office Supplies $282 and credit Office Supplies Expense $282.

Debit Office Supplies Expense $282 and credit Office Supplies $282.

Debit Office Supplies $101 and credit Supplies Expense $282.