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The details of the end of month adjustments for June are as follows: Office Furniture owned by the business: original purchase price was $7,000, estimated useful life was 5 years, and estimated residual value was $1,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of monthrin a yean Office Equipment owned by the business: original purchase price was $44,000. Jestimated useful life was 12 years, and estimated residual value was $5,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year END . Electricity expense for the month of June is estimated to be $912. . The water usage for the month of June is estimated to be $239. Sales staff work every single day during the week including weekends and are not paid until the end of each two weeks. Wages were last paid up to and including June 28. Wages incurred after that day (from June 29 to June 30 inclusive) are estimated to have been $760 per day Interest expense incurred during the month of June but not yet paid to MRMC Bank for the bank loan is $265 Com This Rema .Interest earned from short-term investments in Earth Bank for the month of June is $125. .Office supplies totalling $4,348 are still on hand at June 30. 2 months of rent remained pre-paid at the start of June. 3 months of advertising remained pre-paid at the start of June. take: The tim may tak each pay .5 months of insurance remained pre-paid at the start of June. When calculating the portion of prepayments that expire during the month of June, you are asked to assume that an equal amount of expense is incurred per month. The details of the end of month adjustments for June are as follows: Office Furniture owned by the business: original purchase price was $7,000, estimated useful life was 5 years, and estimated residual value was $1,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of monthrin a yean Office Equipment owned by the business: original purchase price was $44,000. Jestimated useful life was 12 years, and estimated residual value was $5,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year END . Electricity expense for the month of June is estimated to be $912. . The water usage for the month of June is estimated to be $239. Sales staff work every single day during the week including weekends and are not paid until the end of each two weeks. Wages were last paid up to and including June 28. Wages incurred after that day (from June 29 to June 30 inclusive) are estimated to have been $760 per day Interest expense incurred during the month of June but not yet paid to MRMC Bank for the bank loan is $265 Com This Rema .Interest earned from short-term investments in Earth Bank for the month of June is $125. .Office supplies totalling $4,348 are still on hand at June 30. 2 months of rent remained pre-paid at the start of June. 3 months of advertising remained pre-paid at the start of June. take: The tim may tak each pay .5 months of insurance remained pre-paid at the start of June. When calculating the portion of prepayments that expire during the month of June, you are asked to assume that an equal amount of expense is incurred per month