QUESTION 35 The supplies inventory on August 1, 2020 was $9.350. Supplies costing $24.150 were acquired during the year and charged to the supplies inventory. A Indicated supplies on hand of 58.810. The adjusting entry for supplies inventory will A increase net income by $24,690. B. Increase expenses by $24,690. C. decrease supplies by 58,810. D. debit Accounts Payable for $8.810