On june 1, 2019, cain company, a new firm, paid $8,400 rent in advance for a seven-month period. the $8,400 was debited to the prepaid rent account. on june 1, 2019, the firm bought supplies for $10,250. the $10,250 was debited to the supplies account. an inventory of supplies at the end of june showed that items costing $5,960 were on hand. on june 1, 2019, the firm bought equipment costing $72,900. the equipment has an expected useful life of 9 years and no salvage value. the firm will use the straight-line method of depreciation.

The Journal entries are as follows:

(i) On June 30, 2019

Rent expense(8,400 ÷ 7) A/c     Dr. $1,200

To prepaid Expense                                     $1,200

(To record the rent expense)

(ii) On June 30, 2019

Supplies expense A/c [$10,250 - $5,960]   Dr. $4,290

To supplies                                                                        $4,290

(To record the supplies expense)

(iii) On June 30, 2019

Depreciation Expense A/c [(72,900 ÷ 9) ÷ 12]   Dr. $675

To Accumulated depreciation-Equipment                       $675

(To record the depreciation expense)

answer; communication channel;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.