During Bruce Company's first year of operations, the company purchased $2700 of supplies. At year-end, a physical count of the supplies on hand revealed that 51025 of unused supplies were available for future use. How will the related adjusting entry affect the company's financial statements? Multiple Choice Expenses we create and assets will decreme by $1675. Assets and expenses will both increase by $1025 Expenses and assets wil both incre Dy 51675 O The related acusting entry has no effect on net income orme accounting equation