Click Submit to complete this assessment. Question 51 Question Staf St 2 points The supplies account balance on December 31 is $1,550. The supplies on hand on December 31 are $300. Which of the following adjusting entries should be prepared on December 3117 Ca Debit: Supplies 1,250 Credit Supplies Expanse 1,250 b. Debit Supplies Expense 1,250 Credit Supplies 1,250 De. No entry required d. Debit Supplies expense 300 Credit Supplies 300