on September 1 Wilson Company purchased 2130 of supplies on account and debited supplies expense which is an alternate way of recording the initial expenditure at the end of the calendar year 2100 of supplies were made if the appropriate adjusting entry is not made at the end of the year what will be the effect on income statement accounts overstated understated or no effect net income overstated understated or no effect balance sheet account overstated understated or no effect