Crane Laundry purchased $7900 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $1500 on hand. The adjusting entry that should be made by the company on June 30 is

Debit Supplies, $1500; Credit Supplies Expense, $1500.

Debit Supplies, $6400; Credit Supplies Expense, $6400.

Debit Supplies Expense, $1500; Credit Supplies, $1500.

Debit Supplies Expense, $6400; Credit Supplies, $6400.