The Vintage Laundry Company Purchased $8,500 Worth of Laundry Supplies

question 196

Multiple Choice

The Vintage Laundry Company purchased $8,500 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 $1,500 on hand.The adjusting entry that should be made by the company on June 30 is:

• A)debit Supplies Expense, $1,500; credit Supplies, $1,500.
• B)debit Supplies, $7,000; credit Supplies Expense, $7,000.
• C)debit Supplies, $1,500; credit Supplies Expense, $1,500.
• D)debit Supplies Expense, $7,000; credit Supplies, $7,000.

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Definitions:

Groin/Perineum

The area of the body in both males and females located between the abdomen and the thighs; the perineum specifically refers to the region between the genitals and the anus.

Lemon-Glycerin Sponges

Pre-moistened swabs commonly used in healthcare to moisten and clean the mouth and lips, though not recommended for long-term use as they can dry out oral tissues.

Suction

The process of removing liquids or gases by creating a vacuum, often used in medical procedures to clear airways or surgical sites.

Stomatitis

Inflammation of the mouth and lips, which can cause soreness and may result from various causes, including infection, irritation, or underlying disease.