Prior to recording adjusting entries, the Office Supplies account had a $386 debit balance. A physical count of the supplies showed $99 of unused supplies available. The required adjusting entry is:

Multiple Choice:

Debit Office Supplies $287 and credit Office Supplies Expense $287

Debit Office Supplies $99 and credit Supplies Expense $287.

Debit Office Supplies Expense $99 and credit Office Supplies $99.

Debit Office Supplies Expense $287 and credit Office Supplies $287.

Debit Office Supplies $99 and credit Office Supplies Expense $99