Acme Laundry Company purchased $8,500 worth of laundry Jupplies 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 adjusting entry that should be made by the company on June 30 is d. debit Supplies Expense, $7,000; credit Supplies, $7,000. a. debit Supplies Expense, $1,500; credit Supplies, $1,500. c. debit Supplies, $1,500; credit Supplies Expense, $1,$00. b. debit Supplies, $7,000; credit Supplies Expense, $7,000