On December 1st, Office Supplies had an account balance of $1,000. Throughout December, $800 in supplies were purchased. On December 31st, an inventory was conducted. $700 in supplies were actually on hand. Prepare the December 31st adjusting entry. O Dec 31 Office Supplies O Dec 31 O Dec 31 O Dec 31 Supplies Expense Supplies Expense Office Supplies Supplies Expense Office Supplies Office Supplies SuppliesExpense 1,100 700 700 1,100 1,100 700 1,100 Save An 700