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On March 1, Brahtz and Daughters reported a balance in Supplies of $500. During March, the company purchased supplies (properly recorded) for $1,900 and consumed supplies of $1,600. If no adjusting entry is made for supplies at the end of the month: Stockholders' equity will be overstated by $1,600. Expenses will be understated by $1,900 O Assets will be understated by $700. Net income will be understated by $1,600. None of the above