Question: What effect will this adjusting journal entry have on the accounting records? Supplies Expense 267 Supplies 267 Question 21 options: 1) Increase income 2) Decrease

What effect will this adjusting journal entry have on the accounting records? Supplies Expense 267 Supplies 267 Question 21 options: 1) Increase income 2) Decrease net income 3) Decrease expenses 4) Increase assets

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