At the beginning of the month, Supplies were $700. During the month, the company purchased $600 of supplies. At month's end, April 30, $200 of supplies were still on hand. a. What was the cost of supplies used during the month? Where is this item reported? b. Where is the ending balance of supplies reported? c. Make the adjusting entry to update the Supplies account at the end of the month a. What was the cost of supplies used during the month? Where is this item reported? What was the cost of supplies during the month? Question 1: Calculate the future value of an ordinary annuity with payments of $500 every six months for 10 years. The rate of return will be 5% compounded semi-annually for the first 5 years and 7% compounded semi-annually for the next 5 years. [3 Marks]