Question 3 2 pts During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Supplies in the amount of $19,350 were purchased. Actual year-end supplies amounted to $5,450. The adjusting entry for supplies will increase expenses by $13.900 debit Accounts Payable for 55.450. decrease supplies by $5.450. increase net Income by $13.900