14 The Vintage Laundry Company purchased $8,500 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 $1,500 on hand. The adjustment that should be made by the company on June 30 is: increase Supplies Expense, $1,500; decrease Supplies, $1,500. increase Supplies, $7,000; decrease Supplies Expense, $7,000. increase Supplies, $1,500; decrease Supplies Expense, $1,500. increase Supplies Expense, $7,000; decrease Supplies, $7,000. 15 Courtney Company purchased equipment for $1,800 cash. As a result of this event, equity decreased by $1,800. assets increased by $1,800. total assets remained unchanged. Both assets and equity decreased by $1,800