Exerclse 5.1 (Algo) Calculating adjustments. LO 5.2 1. On June 1, 20X1, Keller Company, a new firm, pald $5,100 rent In advance for a slx-month perlod. The $5,100 was debited to the Prepald Rent account. 2 On June 1, 20X1, the firm bought supplies for $7,200. The $7,200 was deblted to the Supplles account. An Inventory of supplies at the end of June showed that Items costing $2,925 were on hand. 3. On June 1, 20X1, the firm bought equipment costing $54,000. The equipment has an expected useful life of 10 years and no salvage value. The firm will use the stralght-Ine method of depreclation. Prepare end-of-June adjusting entrles for Keller Company. Journal entry worksheet Note: Enter debits before credits