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Delta Company started Year 2 with a $1, 700 in cash, $700 in supplies, and $2, 400 in common stock accounts. During Year 2 the

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Delta Company started Year 2 with a $1, 700 in cash, $700 in supplies, and $2, 400 in common stock accounts. During Year 2 the company experienced the following events. Paid $1, 600 cash to purchase supplies. Physical count revealed $400 of supplies on hand at the end of Year 2. Based on this information the year-end adjusting entry to recognize supplies expense would cause total assets to decrease by $400. total expenses to increase by $700. total stockholders' equity to decrease by $1, 900. cash flow from operating activities to decrease by $1, 100

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