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  3. $200 of supplies were purchased at the beginning o

$200 of supplies were purchased at the beginning of the period and recorded as an...

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Accounting

$200 of supplies were purchased at the beginning of the period and recorded as an asset. During the period, $90 of supplies were used. The adjustment to (assets/liabilities/expenses) to be reduced and show the supplies used up would cause (expenses/liabilities/revenues) to be increased, so net income would decline.
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$200 of supplies were purchased at the beginning of the penod and recorded as an asset. During the period, 390 of supples were used. The odjustment to show the supplies used up would cause (sssets/abulitiesleoperses) to be reduced and (expenseshabities/ievenues) to be increased, so net income would decline

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