(Solved by Humans)-Your Turn 3-5 1. Konny started with $ 500 worth of supplies and then purchased an additional $...
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Your Turn 3-5 1. Konny started with $500 worth of supplies and then purchased an additional $650 worth, which made a total of $1,150 worth of supplies available for the company to use during the month. At the end of the month, there were $250 worth of supplies remain ing. That means that the company must have used $900 worth ($1,150 -$250). Of the supplies remaining, $250 will be on the balance sheet as a current asset, supplies. 2. Supplies expense of $900 will be shown on the income statement for April.
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This question was answered on: 10 May, 2025
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