Adjusting Entries Note: Ensare all green bighlighted cells are completed. For calculations, ONLY use cell referencing - do not manually input the answer. Depreciation on Delivery Vehicle On Jane 1st, Dandy Flow Inc. purchased their first delivery vehicie for $25,000. The vehicle is depreciated using the straight-line method. The vehicle has an estimated usefal life of 10 years with no salvage value. Depreciation is recorded monthly - ignore depreciation on building. Required: Calculate the monthly depreciation expense. Determine the accounts to be used in the Joumal entry. Calculate the camrying value. Menthly Depreciation calculation: \begin{tabular}{|l|r|r|r|} \hline Vehicle Cost & 25,000 & Months & 12 \\ \hline Uscful life & 10 & & \\ \hline Annual Depreciation & 2,500 \\ \hline Moothly Depreciation expense & & & \\ \hline \end{tabular} Journal Entry: Supplies Adjustment On Jaly tst, a plysical count of supplies was performed and it was determined that $800 worth of supplies were en hand at the end of June. Required: Calculate the amount of office supplies used during Jube. Determine the aceounts to be used in the Joumal entry. Supplies adjustment calculation: \begin{tabular}{|l|r|} \hline Opening supplies & 2,000 \\ \hline Plus: Supplies purchased & 1,200 \\ \hline Less: Ending supplies & 800 \\ \hline Supplies used during the period & \\ \hline \end{tabular} Jeurnal Entry: AccountDebit0Credit0 Aceraed salaries At the end of the period, it was determine that Dandy Flower lne. owed employees $1,200 at June 30 h, which would be paid during the next pay period. Required: Create the adjusting journal entry required to record the salaries owed to employces. Journal Entry: Account \begin{tabular}{|l|l} Debit & Credit \\ \hline \end{tabular}