Prior to recording adjusting entries, the Office Supplies account had a $376 debit balance. A physical count of the supplies showed $114 of unused supplies available. The required adjusting entry is: Multiple Choice

Debit Office Supplies Expense $114 and credit Office Supplies $114.

Debit Office Supplies $114 and credit Office Supplies Expense $114

Debit Office Supplies $114 and credit Supplies Expense $262.

Debit Office Supplies $262 and credit Office Supplies Expense $262.

Debit Office Supplies Expense $262 and credit Office Supplies $262.