For the end of Robbie Ltd's financial year June 30^th 2019, the event below needs to be fixed. No adjusting entries have been prepared yet for the accounting period. If a depreciable asset was purchased and it becomes available for use on the 16^th of that month or earlier, the business depreciates for all of the month. However, when it is available for use later than the 16^th, then depreciation will begin on the 1^st of the next month. The historical cost model is used for all Property, Plant and Equipment of Robbie Ltd. GST can be Ignored.

March 1st 2019 Robbie Ltd purchased a new vehicle with cash of $60,000 and financed the other $30,000 with a Loan. This was recorded with a credit to Loan Payable and Cash for their respective amounts and a debit to Delivery Vehicle for $90,000 was made. The $30,000 Loan is due in 12 months, however, the interest is calculated at a rate of 10% p.a., and is payable quarterly (i.e. every 3months) till full payment is due. The first payment of interest happened on 1 June 2019, and was recorded with a journal entry that showed a credit to Cash account of $750 and debit to Motor Vehicle account. Use the units of production method to depreciate the Vehicle which has an estimate of 100,000 miles and a residual value of $20,000. The vehicle was used for 8,000 miles from 1 March 2019 until the end of the accounting period.

prepare adjusting and correcting journal entries that are necessary.