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Author Question: Mark Company took inventory and recorded the consumption of supplies. How will this affect the balance sheet? (Read 66 times)

Mollykgkg

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Mark Company took inventory and recorded the consumption of supplies. How will this affect the balance sheet?
◦ Owner's equity will be increased.
◦ Assets will be decreased.
◦ Liabilities will be increased.
◦ This will have no effect on the period-end balance sheet.


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Marked as best answer by Mollykgkg on Nov 10, 2019

lorealeza77

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Mollykgkg

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Reply 2 on: Nov 10, 2019
YES! Correct, THANKS for helping me on my review


sarah_brady415

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Reply 3 on: Yesterday
Excellent

 

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