1. Award: 2.00 points 1. On June 1, 20x1, Corner Company, a new firm, paid $6.000 rent in advance for a seven- month period. The $6,000 was debited to the Prepaid Rent account 2. On June 1, 20x1, the firm bought supplies for $7,300. The $7,300 was debited to the Supplies account, An inventory of supplies at the end of 1 on June 1, 20x1, the from bought equipment costing $50,760. The equpment has an expected useful to of 9 years and to salvagn value. The firm will use the straight-line method of depreciation Prepare end-of June adjusting entries for Conner Company Journal entry worksheet Prepare the adjusting entry for supplies D C 2 References General Journal Difficulty: 2 Medium Learning Objective: 05-02 Prepare adjustments for unrecorded business transactions Award: 2.00 points 1. On June 1, 20X1, Corner Company, a new firm, paid $6,000 rent in advance for a seven month period. The 56,000 was debited to the Prepaid Rent account 2. On June 1, 20x1, the firm bought supplies for $7.300. The $7.300 was debited to the Supplies account, An inventory of supplies at the end of on June 1, 20X1. the firm bought equipment costing $50,760. The equipment has an expected unetul ife of years and no salvage value. The firm will use the straight-line method of depreciation Prepare end of June adjusting entries for Conner Company Journal entry worksheet Prepare the adjusting entry for depreciation Note: Eseri Delore crede. Thai Cemala Die References General Journal Difficulty: 2 Medium Learning Objective: 05-02 Prepare adjustments for un recorded business transactions