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Brief Exercise 253 Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts. 1.

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Brief Exercise 253 Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts. 1. 2. 3. 4. Supplies consumed during the month totalled $3,000. Interest accrues on notes payable at the rate of $200 per month. Insurance of $450 expired during the month. Plant and equipment are depreciated at the rate of $1,200 per month. 1. and by $3,000. Liabilities Stockholders' Equity Assets and and by $200. by $450. and by $1,200. Click if you would like to Show Work for this question: Open Show Work

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