Identify the impact of each individual item on the balance sheet if the following information is not used to adjust the accounts.
1. Supplies consumed totaled $2,750.
2. Insurance of $470 expired during the month.
3. Plant and equipment are depreciated at the rate of $1,450 per month.

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The Answer of Identify the impact of each individual item on the balance sheet if the following information is not used to adjust the accounts.
1. Supplies consumed totaled $2,750.
2. Insurance of $470 expired during the month.
3. Plant and equipment are depreciated at the rate of $1,450 per month.

Identify the Impact of Each Individual Item on the Balance