Question and answer
The Vintage Laundry Company purchased $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 $2,000 on hand. The adjusting entry that should be made by the company on June 30 is
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The adjusting entry that should be made by the company on June 30 is ; debit Laundry Supplies Expense, $4,500; credit Laundry Supplies, $4,500
Expert answered|bongche|Points 1580|
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Asked 4/13/2012 12:26:56 AM
Updated 5/2/2014 9:07:17 PM
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Confirmed by debnjerry [5/2/2014 9:07:17 PM]
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