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Business, 14.03.2020 03:20 mprjug6

Waterway Laundry purchased $7700 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $1120 on hand. The adjusting entry that should be made by the company on June 30 is.

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Waterway Laundry purchased $7700 worth of supplies on June 2 and recorded the purchase as an asset....
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