Question 37 of 50 View Policies Current Attempt in Progress During the first year of Vaughn Manufacturing's operations, all purchases were recorded as assets. Supplies in the amount $29200 were purchased. Actual year-end supplies amounted to $6900. The adjusting entry for store supplies will increase expenses by $22300 decrease supplies by $6900 increase net income by $22300 debit Accounts Payable for $6900. Sove for lates Attempts: 0 of 1 used Submit Answe F4 F F17 FS 3 F10 F42 WO * 3 $ 4 5 6 & 7 00+ 9 E R Y U D F G H J B N. M