Business, 29.01.2020 04:41 ritaraum1802
The vintage laundry company purchased $6,500 worth of laundry supplies on june 2 and recorded the purchase as an asset. on june 30, an inventory of the laundry supplies indicated only $1,000 on hand. which of the following is an adjusting entry on june 30 is
a) debit supplies expense, $1,000; credit supplies, $1,000.
b) debit supplies, $5,500; credit supplies expense, $5,500.
c) debit supplies, $1,000; credit supplies expense, $1,000.
d) debit supplies expense, $5,500; credit supplies, $5,500.
Answers: 3
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