Alex Rogers started his own delivery service, Rogers Deliveries Ltd, on 1 June 2016. The following transactions occurred during the month of June: 

Required

(a) Show the effects of the previous transactions on the accounting equation using the following format:

Include in the margin explanations for any changes in Retained Earnings.

(b) Prepare a statement of profit or loss for the month of June.

(c) Prepare a statement of financial position at 30 June 2016.

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June 1 2 359LSAS 12 15 17 20 23 26 29 30 Shareholders invested $30 000 cash in the business in exchange for shares. Purchased a used van for deliveries for $20 000. Rogers paid $4000 cash and the remaining balance was on account. Paid $1000 for office rent for the month. Performed $2000 of services on account. Paid $400 in cash dividends. Purchased supplies for $300 on account. Received a cash payment of $1500 for services provided on 5 June. Purchased petrol for $200 on account. Received a cash payment of $3000 for services provided. Made a cash payment of $1000 on the amount owing for the delivery van purchased on 2 June. Paid $500 for electricity. Paid for the petrol purchased on account on 17 June. Paid $1000 for employee salaries.