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XYZ company purchased $10,500 worth of laundry supplies on June 5 and recorded the purchase as an asset. On June 30, an inventory of the

XYZ company purchased $10,500 worth of laundry supplies on June 5 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $5,000 on hand. The adjusting entry that should be made by the company on June 30 is:

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