he following amounts summarize the financial position of Little Red Dog Inc. on May 31, 202x During June 202X, the business completed these transactions: June 1: Received a cash investment totalling $9000 in evchange for common shares. June 1: Purchased three computers. The company paid $2250 in cash and took out a bank loan of $2750 to cover the remaining balance owing. The loan bears interest of 5% to be paid on June 1 , next year. The computers are expected to last 3 years. June 5: Paid $1200 for the current month's office rent. June 9 : The business w as inwoiced for a $6500 purchase of office supplies. June 13: Performed services for a client and received $8500. June 20: Declared and paid a cash dividend of $600. June 23: Received $300 from a customer that was billed last month. June 25: Paid $1000 of a bill received earlier in the month. June 30: Billed a client for services rendered, $1000. June 30: A physical count received that $1500 worth of supplies are still on hand. June 30: Paid $1400 for an advertising campaign that had been run during the month. Employee salaries were also acorued. Employees work 5 days each week and are paid $2000 in total every other Friday. The month ended on a Tuesday. Employees were last paid 2 weeks ago. Jther Information: 1) In the past, Little Red Dog Inc. has used the following accounts on their income statement: Revenue, Depreciation Expense, Interest Expense, Rent Expense, Salaries Expense, Advertising Expense, and Supplies Expense. They use the Dividends account to record dividends. Not all accounts have been used each period. Required: the dates have been pre-populated. Ensure your journal entries match the appropriate date. Esplanations are not required. 3) Prepare the Income Statement for the monthended June 30, 202. List expenses in decreasing order by amount. Place your answer under "Requirement 3 in the "An swer tab. 4) Prepare the Statement of Retained Earnings for the month ended June 30, 202. Place your answer under "Requirement 4 "in the nswer tab." 5) Prepare the Balance Sheet at June 30, 202X. Place your answer under "Requirement 5 in the "Answer tab. 6) Using the method outlined in the teutbook, journalize the necessary closing entries for the month ended June 30,202X. Place your answer under "Requirement 6 in the "Annswer" tab. he following amounts summarize the financial position of Little Red Dog Inc. on May 31, 202x During June 202X, the business completed these transactions: June 1: Received a cash investment totalling $9000 in evchange for common shares. June 1: Purchased three computers. The company paid $2250 in cash and took out a bank loan of $2750 to cover the remaining balance owing. The loan bears interest of 5% to be paid on June 1 , next year. The computers are expected to last 3 years. June 5: Paid $1200 for the current month's office rent. June 9 : The business w as inwoiced for a $6500 purchase of office supplies. June 13: Performed services for a client and received $8500. June 20: Declared and paid a cash dividend of $600. June 23: Received $300 from a customer that was billed last month. June 25: Paid $1000 of a bill received earlier in the month. June 30: Billed a client for services rendered, $1000. June 30: A physical count received that $1500 worth of supplies are still on hand. June 30: Paid $1400 for an advertising campaign that had been run during the month. Employee salaries were also acorued. Employees work 5 days each week and are paid $2000 in total every other Friday. The month ended on a Tuesday. Employees were last paid 2 weeks ago. Jther Information: 1) In the past, Little Red Dog Inc. has used the following accounts on their income statement: Revenue, Depreciation Expense, Interest Expense, Rent Expense, Salaries Expense, Advertising Expense, and Supplies Expense. They use the Dividends account to record dividends. Not all accounts have been used each period. Required: the dates have been pre-populated. Ensure your journal entries match the appropriate date. Esplanations are not required. 3) Prepare the Income Statement for the monthended June 30, 202. List expenses in decreasing order by amount. Place your answer under "Requirement 3 in the "An swer tab. 4) Prepare the Statement of Retained Earnings for the month ended June 30, 202. Place your answer under "Requirement 4 "in the nswer tab." 5) Prepare the Balance Sheet at June 30, 202X. Place your answer under "Requirement 5 in the "Answer tab. 6) Using the method outlined in the teutbook, journalize the necessary closing entries for the month ended June 30,202X. Place your answer under "Requirement 6 in the "Annswer" tab