Question: Multiple Select Question Select all that apply How do the adjusting entry to record the supplies used during the period affect the financial statements? Net

Multiple Select Question
Select all that apply
How do the adjusting entry to record the supplies used during the period affect the financial statements?
Net Income on the income statement will decrease
Accounts Payable on the balance sheet will decrease
Supplies on the balance sheet will decrease
Supplies Expense on the income statement will increase
Multiple Select Question Select all that apply How do the adjusting

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