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prepare end of month adjusting entries 1. On June 1 2019, Cain Company, a new firm, 2 On June 1.,2019, the fim bought supplies for
prepare end of month adjusting entries
1. On June 1 2019, Cain Company, a new firm, 2 On June 1.,2019, the fim bought supplies for $7,250 The $7.250 was debited to the Supplies account An inventory of supplies at 3. On June 1.2019, the firm bought equipment costing $44160. The equipment has an expected useful life of 8 years and no paid $4,300 rent in advance for a five month pernod. The $4,300 was debited to the Prepaid Rent accont the end of June showed that items costing $2.950 were on hand value The firm will use the straight-ine method of depreciation at repare end-of June adjusting entries for Cain Company. Journal entry worksheetStep by Step Solution
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