Answered

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The village laundry company purchased Br. 6,500 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
birr 30,000 on hand. The adjusting entry that should be made by the company:
A. Debit laundry supplied expense br. 3000 credit laundry supplies, Br. 3000
B. Debit Laundry supplies expense Br. 3500 credit laundry supplies, Br. 3,500
C. Debit laundry supplies Br. 3, 500, credit laundry supplies expense Br. 3, 500
D. Debit laundry expense Br. 3, 500, credit laundry supplies Br. 3, 500
E. None

Sagot :

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