3 Transactions for the Oleg Thorn Company for the month of June are presented below, June 1 Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor 2 Purchases equipment on account for $3,600 $800 cash is paid to landlord for June rent. Sends a bill to K. Johnsen for $400 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction Account Debited Account Credited 12 June 1 Cash 2 Equipment 3 Rent Expense 12 er is orth Thc hase ca! ds a ccou Accounts Payable Accounts Receivable Advertising Expense Buildings Cash Equipment Gasoline Expense Insurance Expense Land Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Notes Receivable Owner's Capital Owner's Drawings Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense ch uipme mt Ex woul