A company purchased $400 of office supplies on account during May. All the supplies were used in May, and the account was paid during June. What would the impact of these transactions be during May on each of the following three items?

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The Answer of A company purchased $400 of office supplies on account during May. All the supplies were used in May, and the account was paid during June. What would the impact of these transactions be during May on each of the following three items?

A Company Purchased $400 of Office Supplies on Account During