1. If the supplies account is not adjusted for the supplies used during a period, which of the following would occur? a. Assets and expenses would be overstated. b. Assets and expenses would be understated. c. Assets would be understated, and expenses would be overstated. d. Net income and owner's equity would be overstated. 2. Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry will include a debit to and a credit to a. Office Supplies for $105, Office Supplies Expense for $105 b. Office Supplies Expense for $105, Office Supplies for $105 c. Office Supplies Expense for $255, Office Supplies for $255 d. Office Supplies for $255, Office Supplies Expense for $255