1. Prepare a:

- statement of profit or loss for the month ended 31 May

- Calculation of retained earnings for the month

- Classified statement of financial position as at 31 may

Account no. Account Description Month Day Event \begin{tabular}{|l|l|l|l|} \hline Month & Day & Event \\ \hline & 24 & Receivedcashof$2,750fromcustomerswhopurchasedearlierinthemonthoncredit.Thiscashwasdepositedtothebusinessbankaccount. \\ \hline & 31 & Paid assistant's monthly wages expense of $1,833 by transfer from the business bank account. \\ \hline & 31 & Recordedrevenueforthesecondhalfofthemonthof$11,190depositedtothebusinessbankaccountascashand$3,700oncredit. \\ \hline & 31 & Enteredintoacontractfordeliveryofelectricvehicle,atacostof$60,000whichistobeusedforthebusiness.Thevehiclewillbedeliveredin2weekstime.Nocashpaymentshaveyetbeenmadeinrelationtothecontract. \\ \hline & 31 & Invoicereceivedfromthelocalnurseriesassociationforadvertisingof$1,430.Theinvoicewaspaidbytransferfromthebusinessbankaccount \\ \hline \end{tabular} Issued by Banking For You Pty Ltd