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On June 1, 20X1, Keller Company, a new firm, paid $5,100 rent in advance for a six-month period. The $5,100 was debited to the Prepaid Rent account. 2. On June 1, 20X1, the firm bought supplies for $7,200. The $7,200 was debited to the Supplies 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 straight-line method of depreciation. Prepare end-of-June adjusting entries for Keller Company. View transaction list Journal entry worksheet Check my

1 On June 1, 20X1, Keller Company, a new firm, paid \$5,100 rent in advance for a six-month period. The \$5,100 was debited to the Prepoid Rent account 2 On June 1, 20X1, the firm bought supplies for $7,200. The $7,200 was debited to the Supplies 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 straight-line method of depreciation. Prepare end-of-June adjusting entries for Keller Company Journal entry worksheet

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