1. On June 1, 2019. Cain Company, a new firm, paid $4,300 rent in advance for a five-month period. The $4,300 was debited to the Prepaid Rent account. 2. On June 1, 2019, the firm bought supplies for $7.250. The $7.250 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $2,950 were on hand. 3. On June 1, 2019, the firm bought equipment costing $44,160. The equipment has an expected useful life of 8 years and no salvage 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 2 3 Prepare the adjusting entry for prepaid rent. Note: Enter debits before credits Transaction General Journal Debit Credit