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Current Attempt in Progress The Tamarisk, Inc. purchased $8840 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June

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Current Attempt in Progress The Tamarisk, Inc. purchased $8840 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 $1560 on hand. The adjusting entry that should be made by the company on June 30 is: debit Supplies. $7280, credit Supplies Expense. $7280 debit Supplies Expense, 51560credit Supplies, $1560 debit Supplies Expense 57280, credit Supplies, $7280 debit Supplies, $1560, credit Supplies Expense, $1560

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