Speedy Clean Laundry purchased 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 on hand. The adjusting entry that should be made by the company on June 30 is
A) Debit Laundry Supplies Expense, ; Credit Laundry Supplies, .
B) Debit Laundry Supplies, ; Credit Laundry Supplies Expense, .
C) Debit Laundry Supplies, ; Credit Laundry Supplies Expense, .
D) Debit Laundry Supplies Expense, ; Credit Laundry Supplies, .
Correct Answer:
Verified
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