Question 6. During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Supplies in the amount of $25,800 were purchased. Actual year-end supplies amounted to $5,600. The adjusting entry for store supplies will . Increase net income by $20,200. Increase expenses by $20,200. Decrease supplies by $5,600. . Debit Accounts Payable for $5,600. upw>