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4.Dreamtime Laundry purchased $8,500 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies

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4.Dreamtime Laundry purchased $8,500 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, $6,500; Credit Supplies, $6,500. b.Debit Supplies, $1,000; Credit Supplies Expense, $1,000. c.Debit Supplies, $6,000; Credit Supplies Expense, $6,000. d.Debit Supplies Expense, $6,000; Credit Supplies, $6,000

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