QUESTION This fact pattern provides information only for Q#22. Jackson was founded on September 1, Year 1. On that same date, Jackson bought supplies for $9,000 cash. Later in Year 1, Jackson bought $10,000 supplies on account. The firm's untrained bookkeepers recorded both transactions as debits (increases) in Supplies Expense when purchased. At December 31, Year 1, all of Jackson's employees failed to consider the $2,800 of Supplies on hand. You have discovered any mistakes that may have been made in determining Click Save and Submit to save and submit. Click Save All Answers to save all answers 888 A Lepa $ 4 % 5 & 7 & * o 6 9 E R T Y U 2 F G I J K c V B N. M . You have discovered any mistakes that may have been made in determining Jackson's income for the period ended December 31, Year 1. Q#22. Should Jackson's income be increased or decreased for the period ending December 31, Year 1, when correcting any mistakes that may have occurred related to Supplies as stated above? Enter 2 to indicate 'increased' OR enter 1 to indicate 'decreased". Enter 'O' to indicate Jackson's income should not be adjusted as a result of correcting any mistakes that may have occurred. (This question is not asking for the dollar amount of the correction.) Click Save and Submit to save and submit. Click Save All Answers to see all answers 888 % $ 4 & 7 5 6 8 9 E R T Y U J O F G I J c V B N. M December 31, Year 1, when correcting any mistakes that may have occurred related to Supplies as stated above? Enter 2 to indicate 'increased' OR enter 1 to indicate 'decreased'. Enter 'O' to indicate Jackson's income should not be adjusted as a result of correcting any mistakes that may have occurred. (This question is not asking for the dollar amount of the correction.) Click Save and Submit to save and submit. Click Save All Answers to our all answers 888 + $ 4 % 5 6 & 7 8 E R T Y U J O F G H J K V B N. M