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4 Clean Laundry purchased JD 4,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory
4 Clean Laundry purchased JD 4,500 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 JD 500 on hand. The adjusting entry that should be made by the company on June 30 is A Debit Laundry Supplies Expense, JD 500; Credit Laundry Supplies, JD 500. B. Debit Laundry Supplies, JD 4,000; Credit Laundry Supplies Expense, JD 4,000. C Debit Laundry Supplies, JD 4,500; Credit Laundry Supplies Expense, JD 4,500. D. Debit Laundry Supplies Expense, JD 4,000: Credit Laundry Supplies, JD 4,000
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