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What the adjusting entry that should be made by the company

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Question - White Laundry Company purchased $6500 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $3000 on hand. It is the company's first period of operations. What the adjusting entry that should be made by the company on June 30?

Reference no: EM133034299

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