1 Sved Help Save & Exit Submit 1. On June 1, 20xX1, Conner Company, a new firm, paid $6,580 rent in advance for a seven-month period. The $6,580 was debited to the Prepaid Rent account 2. On June 1, 20X1, the firm bought supplies for $7,650. The $7,650 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $3,150 were on hand. 3. On June 1, 20X1, the firm bought equipment costing $58,320. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the straight-line method of depreciation. ebook Prepare end-of-June adjusting entries for Conner Company. View transaction list View journal entry worksheet Print References No Transaction General Journal Debit Credit 6580 7 A 1 Rent expense 7.650 B 2 Supplies expense 58,320 7 3 Equipment Next Check my work