Expensive Designs Pty Ltd started as a business on 1 June 2020. Listed below are the transactions that took place in the month of June 2020: June 1 Issued shares to investors for $10,000 cash. 2 Purchased a secondhand car for company use from Cars R Us Pty Ltd for $13,500, paying $3,600 in cash and the remainder on credit. 3 Purchased insurance of $500 for the month from Insurers R Us that will be paid at a later date. 7 Invoiced customers $3,000 for services performed. 10 Paid $750 cash for the current month's rent. 14 Paid $250 cash to Insurers R Us for the insurance purchased on 3 June. 15 Received an invoice for $700 for advertising for the current month and the invoice will be paid next month. 28 Received and banked cash of $2,000 from customers for services invoiced on 7 June. 30 Received and banked cash of $800 for cash sales. The chart of accounts for Expensive Designs Pty Ltd contains the accounts and account numbers below and no new accounts need to be added: 100 Cash at bank 105 Accounts receivable 110 Supplies 160 Motor vehicles (cost) 200 Accounts payable 300 Share capital 305 Dividends 400 Sales revenue 510 Rent expense 520 Advertising expense 530 Insurance expense Required 1) Journalise the June transactions (narrations are not required and no depreciation adjustment is necessary). (9.5 marks) 2) Post all the journals from (1) above to the general ledger and prepare a trial balance as at 30 June 2020. (10.5 marks) 3) Prepare: a. a statement of profit or loss for the month. b. a calculation of retained earnings for the month. a classified statement of financial position at 30 June 2020 (10 marks) (Total = 30 marks which equals 15% of the total course mark) C