The Sheffield Corp. purchased $9010 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 $1590 on hand. The adjusting entry that should be made by the company on June 30 is:.

answer; im, thinking it should be (7yrs)///plz check first.good luck

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; at prices that violate government price regulations;

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