Mathematics, 18.10.2019 17:30 Kameon
Dreamtime laundry purchased $7,000 worth of supplies on june 2 and recorded the purchase as an asset. on june 30, an inventory of the supplies indicated only $2,000 on hand. the adjusting entry that should be made by the company on june 30 is
a. debit supplies expense, $2,000; credit supplies, $2,000.
b. debit supplies, $2,000; credit supplies expense, $2,000.
c. debit supplies, $5,000; credit supplies expense, $5,000.
d. debit supplies expense, $5,000; credit supplies, $5,000
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Dreamtime laundry purchased $7,000 worth of supplies on june 2 and recorded the purchase as an asset...
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