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The Novak Corp. purchased $10370 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 $1830 on hand. The adjusting entry that should be made by the company on June 30 is:debit Supplies Expense, $1830; credit Supplies, $1830.debit Supplies, $8540; credit Supplies Expense, $8540.debit Supplies, $1830; credit Supplies Expense, $1830.debit Supplies Expense, $8540; credit Supplies, $8540.
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