Desert Company has a December 31st year end. A physical inventory of supplies indicated $250 of supplies currently in stock at the end of the year. Supplies beginning balance was $1,575. What type of adjusting journal entry is required at December 31st? Accrued Revenue What account would Desert debit in its December 31st adjusting journal entry? Supplies What account would Desert credit in its December 31st adjusting journal entry? Supplies Expense What is the amount of the debit and credit in the December 31st adjusting journal entry? $1.575