the above june 30 entry

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. C. 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 If Baker did not make the above June 30 adjusting entry for Wages owed to employees: The errors on the Income Statement for June would be: items understated: Wages Expense, Total Expenses item overstated: Net Income The errors on the June 30 Balance Sheet would be: items understated: Wages Payable, Total Liabilities items overstated: Retained Earnings, Total Equity The errors on the income Statement for June would be: item understated: Net Income items overstated: Wages Expense, Total Expenses B The errors on the June 30 Balance Sheet would be: item understated: Cash items overstated: Wages Payable, Total Liabilities The errors on the Income Statement for June would be: items understated: none items overstated: Wages Expense, Total Expenses, Net Income The errors on the June 30 Balance Sheet would be: Items understated: Wages Payable, Total Liabilities items overstated: Cash, Total Liabilities and Equity There would not be any errors, as no adjusting entry is required