The trial balance of Ortiz Company as of January 31, 20x1, after the company completed the first month of operations, is shown in the partial worksheet below Required: Complete the worksheet by making the following adjustments supplies on hand at the end of the month $4,200, explied instance, $5.500, depreciation expense on equipment for the period. $1.600 Analyze: How does the insurance adjustment affect Prepaid Insurance Complete this question by entering your answers in the tabs below. 1. On June 1, 20X1. Conner Company, a new firm, paid $16,800 rent in advance for a seven-month period. The $16,800 was debited to the Prepaid Rent account 2. On June 1, 20X1, the firm bought supplies for $12,580. The $12,580 was debited to the Supplies account. An Inventory of supplies at the end of June showed that items costing $9.275 were on hand. 3. On June 1, 20x1, the firm bought equipment costing $108,000. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the straight line method of depreciation Prepare end of June adjusting entries for Conner Company