Question: What effect will this adjusting journal entry have on the accounting records? Dr. Supplies Expense 994 Cr. Supplies 994 Select one: Increase assets Increase net

What effect will this adjusting journal entry have on the accounting records? Dr. Supplies Expense 994 Cr. Supplies 994 Select one: Increase assets Increase net income Increase liabilities Decrease net income Decrease expenses O Decrease liabilities

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