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The Nash's Trading Post, LLC purchased $6290 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an
The Nash's Trading Post, LLC purchased $6290 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 $1110 on hand. The adjustment that should be made by the company on June 30 is: increase Supplies, $1110; decrease Supplies Expense, $1110. increase Supplies Expense, $1110; decrease Supplies, $1110. increase Supplies Expense, $5180; decrease Supplies, $5180. increase Supplies, $5180; decrease Supplies Expense, $5180
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