In the first year of its existence, your client purchased $28,000 worth of supplies and recorded them as an asset. At the end of the year, your client tells you that they have $6,600 worht of supplies on hand. You need to make an adjustment to the books that will: debit Accounts Payable for $6,600 increase net income by $22,200. increase expenses by $22,200. decrease supplies by $6,600. 0000