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Question 22 2 pts During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Supplies in the amount of $28,800 were

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Question 22 2 pts During the first year of Wilkinson 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 O decrease liability by 6,600 increase equity by 22,200 decrease equity by 22,200 O decrease asset by 6,600

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