Exerclse 5.1 (Static) Calculating adJustments. LO 5.2 1. On June 1, 20X1, Keller Company, a new firm, pald $28,000 rent in advance for a seven-month perlod. The $28,000 was debited to the Prepald Rent account. 2 On June 1, 20X1, the firm bought supplies for $16,320. The $16,320 was debited to the Supplles account. An Inventory of supplies at the end of June showed that Items costing $9,850 were on hand. 3. On June 1,201, the firm bought equipment costing $54,000. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the stralght-line method of depreclation. Prepare end-of-June adjusting entrles for Keller Company. Journal entry worksheet wote: thter denits berore crecirs