18. On December 1. your company began operations. On December ) it purchased AED 1 500 of supplies and recorded the transaction with a debit to the current asset Supplies and a credit to the current liability Accounts Payable. Your company prepares monthly financial statements at the end of each calendar month. At the end of the day on December 31 your company estimated that AED 700 of the supplies were still on hand in the supply room. What is the adjusting entry that should be entered by your company