Sunland Company purchased $$8160$ 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 $$1440$ on hand. The adjusting entry that should

be made by the company on June $30$ is

debit Supplies, $$6720$; credit Supplies Expense, $$6720.$

debit Supplies, $$1440$; credit Supplies Expense, $$1440.$

debit Supplies Expense, $$1440$; credit Supplies, $$1440.$

debit Supplies Expense, $$6720$; credit Supplies, $$6720.$