During the first year of Callahan Co.'s operations, all purchases were recorded as assets. Supplies in the amount of $28,800 were purchased. Actual year-end supplies amounted to $6,600. The adjusting entry for store supplies will a. Increase net income by $22,200. b. increase expenses by $22,200. decrease supplies by $6,600. d. debit Accounts Payable for $6,600. Adolescents Corporation had revenues of $330,000, expenses of $200,000, and dividends of $45,000. When Income Summary is dosed to retained Earnings, the amount of the debit or credit to Retained Earnings is a a. debit of $85,000. b. debit of $130,000. credit of $85,000. d. credit of $130,000. C. Inte, rec