12. The trial balance shows Supplies $0 and Supplies Expense $1,900. If $700 of supplies are on hand at the end of the period, the adjusting entry is: * (2 Points) debit Supplies $1,200 and credit Supplies Expense $1,200. debit Supplies Expense 700 and credit Supplies 700. debit Supplies Expense $1,200 and credit Supplies $1,200 debit Supplies 700 and credit Supplies Expense 700