The Supplies account has a trial balance of $3,186. A year-end inventory shows $1,744 worth of supplies left at the end of the year. The correct adjusting entry is:

• debit Supplies Expense $1,744; credit Prepaid Supplies $1,744

• debit Supplies $1,442; credit Supplies Expense $1,442

• debit Supplies Expense $1,442; credit Supplies $1,442

• debit Supplies Expense $3,186; credit Supplies $3,186