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Date Transaction 01-Jun Purchased supplies with cash 01-Jun Paid rent 01-Jun Purchased a flower delivery vehicle 05-Jun Paid creditors for accounts payable due (part of

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Date Transaction 01-Jun Purchased supplies with cash 01-Jun Paid rent 01-Jun Purchased a flower delivery vehicle 05-Jun Paid creditors for accounts payable due (part of opening balance) 05-Jun. Sold products to Customer A on account. Inventory cost $10,000. 05-Jun Purchased inventory on account 08-Jun Sold products to Customer B for cash, Inventory cost $8,000. 12-Jun issued common shares 12-Jun Declared and paid a cash dividend 12-Jun Paid accounts payable relating to inventory 20-Jun Customer A paid a portion of amount owing 28-Jun Received cash from Customer C for products to be shipped next month. 30-Jun Paid salaries to employees On June 1st, Dandy Flow inc, purchased their first delivery vehicle for $25,000. The vehicle is depreciated using the straight-line method. The vehicle has an estimated useful life of 10 years with no salvage value. Depreciation is recorded monthly - ignore depreciation on Required: Calculate the monthly depreciation expense. Determine the accounts to be used in the Journal entry. Calculate the carrving value On luly 1st, a plysical count of supplies was performed and it was determined that $800 worth of supplies were on hand at the end of June. Required: Calculate the amount of office supplies used during June. Determine the accounts to be used in the lournal entry. Journal Entrya Account Debit Credit ed salaries At the end of the period, it was determine that Dandy flower lnc. owed employees $1,200 at lune 30 th, which would be paid during the next pay period. Aequired: Create the adjusting lournal entry required to record the ss owed to employees

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