Need help with few questions:

Office Supplies Somerville Corp. purchases office supplies once a month and prepares monthly financial statements. The asset account Office Supplies on Hand has a balance of si,450 on May 1. Purchases of supplies during May amount to $1,100. Supplies on hand at May 31 amount to $920. Required: 1. Identify and analyze the effect of the adjustment on May 31. Activity Select your answer Accounts Select your answer Statement(s) Select your answer How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i, e, a decrease, be sure to enter the answer with a minus sign. Bala Liabiliti Stockholder Equity Net Income Asset Expenses -select your answer Select your answer -select your answer Select your answer 2. What will be the effect on net income for May if this adjustment is not recorded? Net income for the month of May would be -select your answer v by s if this adjustment Select your answel v recognized because expenses would be Select your answel