The above entry for June 30

If Baker did not make the above June 30 adjusting entry for Supplies: The errors on the Income Statement for June would be: item understated: Net Income they items overstated: Supplies Expense, Total Expenses A The errors on the June 30 Balance Sheet would be: items understated: Supplies, Total Assets, Total Liabilities and Equity items overstated: Retained Earnings, Total Equity The errors on the Income Statement for June would be: item understated: Supplies Expense items overstated: Total Expenses, Net Income The errors on the June 30 Balance Sheet would be: item understated: Supplies items overstated: Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity The errors on the Income Statement for June would be: items understated: Supplies Expense, Total Expenses item overstated: Net Income The errors on the June 30 Balance Sheet would be: items understated: none items overstated: Supplies, Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity D none of the above C. As of June 1, 2017 the beginning balance in the asset account Supplies was $10,000. On June 10, 2017 Baker purchased $7,000 of additional supplies and made the following entry; Dr. Supplies 7,000 Cash 7,000 The entry above is the only entry Baker made to the Supplies account during the month of June. Based on a physical count, Baker determined that there are $11,500 of supplies remaining on-hand as of June 30 Select the Supplies adjusting entry Baker should make as of June 30, 2017