Question: At March 1 , A 1 Realty Inc. reported a balance in Supplies of $ 2 0 0 . During March, the company purchased supplies

At March 1, A1 Realty Inc. reported a balance in Supplies of $200. During March,
the company purchased supplies for $950 and consumed supplies of $800. If no
adjusting entry is made for supplies,
stockholders' equity will be overstated by $800.
net income will be understated by $800.
assets will be understated by $350.
expenses will be understated by $950.
At March 1, A1 Realty Inc. reported a balance in Supplies

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