A total of $3,700 in supplies was purchased during the year. By the end of the year, the company had used $2,200 of the supplies. The adjusting entry needed at the end of the year is:

Multiple Choice

• debit Supplies $2,200; credit Supplies Expense $2,200

• debit Supplies Expense $1,500; credit Supplies $1,500

• debit Supplies Expense $2,200; credit Supplies $2,200

• debit Supplies Expense $3,700; credit Supplies $3,700