Answered: adjusting journal entry have on the…

adjusting journal entry have on the accounting records? Supplies Expense Supplies O a. decrease expenses O b. increase income Oc. decrease net income O d. increase assets 760 760

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What effect will this adjusting journal entry have on the accounting records?
Supplies Expense
Supplies
O a. decrease expenses
O b. increase income
O c. decrease net income
O d. increase assets
760
760

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