- 71 View Policies Current Attempt in Progress Transactions for the Oleg Thorn Company for the month of June are presented below, Jure 1 2 Ole Thorn invests 85.000 cash in a small welding business of which he is the sole proprietor, Purchases equipment on account for $3,600 3 shoo chys paid to landlord for June rent. Sends a bill to K. Johnsen for $400 after completing welding work done on account 12 Identify the accounts to be debited and credited for each transaction Account Debited Account Credited June 1 2 3 12