Speedy Clean Laundry 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 indicated only 1,000 on hand. The adjusting entry that should be made by the company on June 30 is Debit Supplies Expense, 1,000; Credit Supplies, 1,000 X Debit Supplies, 1,000; Credit X Supplies Expense, 1,000 Debit Supplies, 5,500; Credit Supplies Expense, 5,500 X