Acct 20T Spiimng L Page 6 of 17 23 The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset On June 30, an inventory of the laundry supplies on June 30 is a debit Laundry Supplies Expense, s2,000 credit Laundry Supplies, $2,000 pn jcnedonly $2 ,000 on hand The adjusting entry that should be made by the company ebit Laundry Supplies, S6,500 credit Laundry Supplies Expense, $6,500 c debit Laundry Supplies, $4,500 credit Laundry Supplies Expense, $4,500 b d d debit Laundry Supplies Expense, $4,500 credit Lau undry Supplies, $4,500

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Acct 20T Spiimng L Page 6 of 17 23  The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset  On June 30, an inventory of the laundry supplies on June 30 is  a  debit Laundry Supplies Expense, s2,000  credit Laundry Supplies, $2,000  pn jcnedonly $2 ,000 on hand  The adjusting entry that should be made by the company ebit Laundry Supplies, S6,500  credit Laundry Supplies Expense, $6,500  c  debit Laundry Supplies, $4,500  credit Laundry Supplies Expense, $4,500  b  d d  debit Laundry Supplies Expense, $4,500  credit Lau undry Supplies, $4,500

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Acct 20T Spiimng L Page 6 of 17 23. The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the

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