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The Monty Ltd. purchased $ 6600 worth of laundry supplies on June 2 and recorded the purchase as an asset in the Supplies account. On

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The Monty Ltd. purchased $ 6600 worth of laundry supplies on June 2 and recorded the purchase as an asset in the Supplies account. On June 30, a count of the laundry supplies indicated only 54100 on hand. The adjusting entry that should be made by the company on June 30 is debit Supplies. $ 2500: credit Supplies Expense $ 2500. O debit Supplies, $ 4100: Credit Supplies Expense. $ 4100. O debit Supplies Expense, S4100: credit Supplies. $ 4100. debit Supplies Expense, $ 2500: credit Supplies. $ 2500

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