1. On June 1, 20x1, Conner Company, a new firm, pald $16,800 rent in advance for a seven-month period. The $16,800 was debited to the Prepaid Rent account. 2. On June 1, 20x1, the firm bought supplies for $12,580. The $12,580 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $9,275 were on hand, 3. On June 1, 20x1, the firm bought equipment costing $108,000. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the straight-line method of depreciation. Prepare end-of June adjusting entries for Conner Company View transaction list Journal entry worksheet A B > Prepare the adjusting entry for prepaid rent Note Enter debits before credits Tinction De General Journal Journal entry worksheet