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The Crane Laundry Company purchased $9900 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an irwentory
The Crane Laundry Company purchased $9900 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an irwentory of the laundry supplies indicated only $1600 on hand. The offistment that should be mode by the compary on June 30k increase Supplies Expense, $8300; decrease Supplies, $8300. increave Supplies, $8300; decrease Supplies Expense, $8300. increase Supplies, $1600; decrease Supplies Expense, $1600. increase Supplies Expense, $1000; decrease Supplies, $1600
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