1. On June 1, 2019, Cain Company, a new firm, paid $5,100 rent in advance for a six-month period. The $5,100 was debited to the Prepaid Rent account. supplies at the end of June showed that items costing $2,925 were on hand salvage value. The firm will use the straight-line method of depreciation. 2. On June 1, 2019, the firm bought supplies for $7,200. The $7.200 was debited to the Supplies account. An inventory of 3. On June 1, 2019, the firm bought equipment costing $54,000. The equipment has an expected useful life of 10 years and no Prepare end-of-June adjusting entries for Cain Company. Prepare the adjusting entry for prepaid rent. Note: Enter debits before credits. Transaction General Journal Debit Credit Prepare the adjusting entry for supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Prepare the adjusting entry for depreciation. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 1. On June 1, 2019, Cain Company, a new firm, paid $5,100 rent in advance for a six-month period. The $5,100 was debited to the Prepaid Rent account. supplies at the end of June showed that items costing $2,925 were on hand salvage value. The firm will use the straight-line method of depreciation. 2. On June 1, 2019, the firm bought supplies for $7,200. The $7.200 was debited to the Supplies account. An inventory of 3. On June 1, 2019, the firm bought equipment costing $54,000. The equipment has an expected useful life of 10 years and no Prepare end-of-June adjusting entries for Cain Company. Prepare the adjusting entry for prepaid rent. Note: Enter debits before credits. Transaction General Journal Debit Credit Prepare the adjusting entry for supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Prepare the adjusting entry for depreciation. Note: Enter debits before credits. Transaction General Journal Debit Credit 3