Question: 1. Adjusting the supplies account will a) decrease the total assets and increase the total expense b) decrease the total assets and decrease the total

1. Adjusting the supplies account will

a) decrease the total assets and increase the total expense

b) decrease the total assets and decrease the total expense

c)increase the total assets and increase the total expense

d) increase the total assets and decrease the total expense

2. depreciation expense would be found on which of the following financial statements?

a) balance sheet

b) income statement

c) owners equity

d)worksheet

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