4 pts Question 17 The Skysong, Inc. purchased $6,970 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 $1,230 on hand. The adjustment that should be made by the company on June 30 is: increase Supplies Expense, $5,740; decrease Supplies, $5,740. o increase Supplies, $1,230; decrease Supplies Expense, $1,230. increase Supplies, $5,740; decrease Supplies Expense, $5,740. increase Supplies Expense, $1,230; decrease Supplies, $1,230