Business, 07.03.2020 00:06 potatoismeh1

The Sheridan Company purchased $7140 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 $1260 on hand. The adjusting entry that should be made by the company on June 30 is:

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The Sheridan Company purchased $7140 worth of laundry supplies on June 2 and recorded the purchase a...