(Solved by Humans)-Your Turn 3-5 1. Konny started with $ 500 worth of supplies and then purchased an additional $...

Question

Your Turn 3-5 1. Konny started with $500 worth of supplies and then purchased an additional $650 worth, which made a total of $1,150 worth of supplies available for the company to use during the month. At the end of the month, there were $250 worth of supplies remain­ ing. That means that the company must have used $900 worth ($1,150 -$250). Of the supplies remaining, $250 will be on the balance sheet as a current asset, supplies. 2.  Supplies expense of $900 will be shown on the income statement for April.