Assume XYZ Co.used cash to purchase $500 of supplies during the current year and had $200 of the supplies left over unused at the end of the accounting period.In the space provided below,describe how this information would be reported on the financial statements of XYZ Co:
The statement of cash flows:
The income statement:
The balance sheet:

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The Answer of Assume XYZ Co.used cash to purchase $500 of supplies during the current year and had $200 of the supplies left over unused at the end of the accounting period.In the space provided below,describe how this information would be reported on the financial statements of XYZ Co:
The statement of cash flows:
The income statement:
The balance sheet: