Question: Current Attempt in Progress At March 1 , Vaughn Inc. reported a balance in Supplies of $ 2 0 0 . During March, the company

Current Attempt in Progress
At March 1, Vaughn Inc. reported a balance in Supplies of $200. During March, the company purchased supplies for $790 and
consumed supplies of $890. If no adjusting entry is made for supplies
assets will be understated by $200.
owner's equity will be overstated by $890.
expenses will be understated by $790.
net income will be understated by $890.
Current Attempt in Progress At March 1, Vaughn Inc. reported a

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