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Thistle Do Nicely had $200 of supplies on May 1. During May, it purchased $400 of supplies on account. It paid $250 of the

Thistle Do Nicely had $200 of supplies on May 1. During May, it purchased $400 of supplies on account. It paid$250 of the $4

Thistle Do Nicely had $200 of supplies on May 1. During May, it purchased $400 of supplies on account. It paid $250 of the $400 it owed for its supplies. At May 31, Thistle Do Nicely only had $75 of supplies left. Supplies on the balance sheet equals

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