ments D Question 38 1 pts A company purchased $15,000 of supplies during the year. The intern counted what was in their supplies closet on December 31 and they has $7,000 worth of supplies. What is the adjusting entry for supplies? O Debit Supplies $7,000, Credit Supplies Expense $7,000 O Debit Supplies Expense $8,000, Credit Supplies $8,000 O Debit Supplies $8,000, Credit Supplies Expense $8,000 O No adjusting entry is needed O Debit Supplies Expense $7,000, Credit Supplies $7,000