Kontor Abc Company provides transportation services for clients and adjusts its accounts on a monthly basis. The following are some of the transactions that ABC engages in during the month of June June 1 Owners invested $280,000 cash in the business in exchange for 1,000 shares of capital stock. June 1 Made advance payment of $3,300 for three month rent. June 7 Collected in advance $5,700 cash from clients for the services to be rendered within three months June 8 Land and building were purchased for $400,000 of this amount, $60,000 applied to the land and $340,000 to the building which has an estimated useful life of 80 years. A cash payment of $80,000 was made at the time of the purchase, and a note payable was issued for the remaining balance, June 22 Performed service on account, $7,900 June 30 Received electricity bill for the month, $400 The journal entry to record the transaction regarding the payment of rent on June 1 includes