Question: Question 8/28 At March 1, Progressive Auto Inc. reported a balance in Supplies of 600. During March, the company purchased supplies for 2,250 and consumed

Question 8/28 At March 1, Progressive Auto Inc. reported a balance

Question 8/28 At March 1, Progressive Auto Inc. reported a balance in Supplies of 600. During March, the company purchased supplies for 2,250 and consumed supplies of 1,800. If no adjusting entry is made for supplies 1. O equity will be understated by 1,800 2. expenses will be understated by 2,250 assets will be overstated by 1.050 4. net income will be understated by 1,800 Next

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