The Blossom Company purchased $10030 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 $1770 on hand. The adjustment that should be made by the company on June 30 is: increase Supplies, $8260; decrease Supplies Expense, $8260. increase Supplies, $1770; decrease Supplies Expense, $1770. increase Supplies Expense, $1770; decrease Supplies, $1770. o increase Supplies Expense, $8260; decrease Supplies, $8260