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The Sheridan Bakery purchased $6570 worth of baking supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the baking supplies indicated only $2970 on hand. The adjusting entry that should be made by the company on June 30 is O debit Baking Supplies, $3600; credit Baking Supplies Expense, $3600. O debit Baking Supplies Expense, $3600; credit Baking Supplies, $3600. O debit Baking Supplies Expense, $2970; credit Baking Supplies, $2970. O debit Baking Supplies Expense, $3600; credit Baking Supplies, $2970