Your answer is partially correct. Try again. June 1 2 3 Transactions for the Oleg Thorn Company for the month of June are presented below. Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor. Purchases equipment on account for $3,600. $800 cash is paid to landlord for June rent. Sends a bill to K. Johnsen for $400 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction. Account Debited Account Credited 12 June 1 XX 2 Equipment > 3 Rent Expense 12 Accounts Receivable