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Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts. 1 2. 3. Supplies

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Identify the impact on the balance sheet for that month if the following information is not used to adjust the accounts. 1 2. 3. Supplies consumed during the month totalled $2,460. Interest accrues on notes payable at the rate of $184 per month. Insurance of $360 expired during the month. Plant and equipment are depreciated at the rate of $1,344 per month. 4. and overstated 1. understated Assets by $2.460 Stockholders' Equity understated Liabilities 2 and understated by $184. Stockholders' Equity 3. and understated overstated by $360. Assets Stockholders' Equity overstated and Property. Plant, and Equipment understated by $1,344 Stockholders' Equity

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