Question 24 with explaining please please

A Supplies B) Supplies Expense C) Supplies Supplies Expense 1.550 1,550 Supplies Expense 250 D) Supplies Expense 250 250 Use the following information to answer questions 23-30 Beta Alpha Psi decided to sell food during the Spring fling. The Spring Fling was held on March 30. The following transactions occurred during the month of March (Assume a beginning balance in cash/stockholders equity of $1,500) March 1 Purchased hot dogs, chips, & soda (inventory) on account (to be paid later) for $500. 1 Rented a grill for $50 a month (to be paid later). 1 Placed advertisement in campus newspaper at cost of $25 (to be paid later). 1 Purchased a table for use at this and other events. Cost $60, which is paid immediately. Assume table has a useful life of five years and no residual or salvage value. 30 Sales (all cash) for the month totaled $1,300, Cost of goods sold totaled $450. 23) What is the ending balance of cash? AP A) $2.165 B) $2,215 Soo 5o0 C) $2,240 D) $2,740 24) What are total liabilities on the 3/31 Balance Sheet? A) $500 B) $450 C) $575 D) $110 Bent Es Soo 300 25) What total expenses on the 3/31 Income Statement? A) $60 B) $625 C) $1,075 D) $526 od E 25