What Effect Will This Adjusting Journal Entry Have on the Accounting

question 7

Multiple Choice

What effect will this adjusting journal entry have on the accounting records? $$\begin{array} { | c | l | l | } \hline \text { Supplies Expense } & 760 & \\\hline \text { Supplies } & & 760 \\\hline\end{array}$$

• A) increase income
• B) decrease net income
• C) decrease expenses
• D) increase assets

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Definitions:

Allergic Reaction

An immune system response to a foreign substance that is not typically harmful to the body.

Yeast Products

Items derived from yeast, such as bread, beer, and nutritional supplements, that are commonly used in food preparation and fermentation processes.

Spasticity

A condition characterized by abnormal muscle tightness due to prolonged muscle contraction, often associated with brain or spinal cord damage.

Intrathecal Space

The fluid-filled area surrounding the brain and spinal cord, specifically within the layers of the meninges, where procedures like spinal taps are conducted.