Supplies consumed during the month totalled

Reference no: EM13839963

Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts.

1. Supplies consumed during the month totalled $3,000.

2. Interest accrues on notes payable at the rate of $200 per month.

3. Insurance of $450 expired during the month.

4. Plant and equipment are depreciated at the rate of $1,200 per month.

Reference no: EM13839963

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Supplies consumed during the month totalled : Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts. 1. Supplies consumed during the month totalled $3,000. 2. Interest accrues on notes payable at the rate of $200 per month.

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