The accounting cycle for Paris Project Limited is from January 7 to December 31 Al the start of July, the company signed an agreement to purchase a new warehouse for $15,000,000. The company paid 50% in cash and the remainder by taking out a 5-year loan Annual interest expense on the loan is $1500,000. Interest will be paid in cash on June 30 each year of the loan period. Annual depreciation on the new warehouse is $1,600,000 At the end of the accounting cycle the CFO of Paris Project Limited estimated that the new warehouse would love increased electricity and water usage from last year by 20%. Utility expenses that comprised electricity and water) totalled $2.000.000 for the last full year Required: At the end of the accounting cycle Paris Project Limited would have made adjustment entries to "hterest Payable; Depreciation Expenceand Utility Expenses of the following amounts? Solect Debit Depreciation $800,000 Credit Interest 1760000 b naty Expre-12,400.000 Credit Depcon Expono 11 500 000 ble 00000000 Debit Depo De 1.000.000 Credit Pole D000 Debi 20 Chu Dec 1000 000 000 MacBook Ali BO 3 # 3 $ 4 % 5 & 7 2 8 9