1 On June 1, 2019, Cain Company, a new firm, paid $5.670 rent in advance for a seven-month period. The $5.670 was debited to the 2. On June 1, 2019, the firm bought supplies for $7,000. The $7,000 was debited to the Supplies account. An inventory of supplies at 3. On June 1, 2019, the firm bought equipment costing $44,280. The equipment has an expected useful life of 9 years and no salvage Prepald Rent account. the end of June showed that items costing $2,825 were on hand. value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Cain Company. View transaction list Journal entry worksheet Prepare the adjusting entry for prepaid rent. Note: Enter debits before credits. Debit Credit Transaction General Journal Clear entry Record entry View general journal 1 On June 1, 2019, Cain Company a new firm, paid $5.670 rent in advance for a seven-month period. The $5.670 was debited to the 2. On June 1, 2019, the firm bought supplies for $7.000. The $7000 was debited to the Supplies account. An inventory of supplies at 3. On June 1, 2019, the firm bought equipment costing $44,280. The equipment has an expected useful life of 9 years and no salvage Prepald Rent account. the end of June showed that items costing $2,825 were on hand. value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Cain Company. View transaction list Journal entry worksheet Prepare the adjusting entry for supplies. Note: Enter debits before credits. Debit Credit ransaction General Journal Clear entry Record entry View general journal On June 1, 2019, Cain Company a new firm, paid $5.670 rent in advance for a seven-month period. The $5.670 was debited to the 2. On June 1, 2019, the firm bought supplies for $7,000. The $7000 was debited to the Supplles account. An inventory of supplies at 3. On June 1, 2019, the firm bought equipment costing $44,280. The equipment has an expected useful life of 9 years and no salvage Prepald Rent account the end of June showed that items costing $2,825 were on hand. value. The firm will use the straight-line method of depreciation Prepare end-of-June adjusting entries for Cain Company. View transaction list Journal entry worksheet Prepare the adjusting entry for depreciation Note: Enter debits before credits. General Journal Transaction Debit Credit Clear entry Record entry View general journal A firm purchased a four-year insurance policy for $12.960 on July 1, 2019. The $12.960 was debited to the Prepald Insurance account. 2. On December 1, 2019. a firm signed a contract with a local radio station for advertising that will extend over a three-year period. The firm paid $45,720 in advance and debited the amount to Prepald Advertising. Prepare end-of-month adjusting entries for each of the above situations. View transaction list Journal entry worksheet Prepare the adjusting entry for insurance. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal A firm purchased a four-year insurance policy for $12.960 on July 1, 2019. The $12.960 was debited to the Prepaid Insurance account. 2. On December 1. 2019. a firm signed a contract with a local radio station for advertising that will extend over a three-year period. The firm paid $45.720 in advance and debited the amount to Prepald Advertising. Prepare end-of-month adjusting entries for each of the above situations. View transaction list Journal entry worksheet Prepare the adjusting entry for advertising. Note: Enter debits before credits. DebitCredit Transaction General Journal Clear entry Record entry View general journal