he folowing amounts summarize the financial position of Litte Blue Dog Ine. on May 31, 202X During June 202x, the business completed these transactions: June 1: Received cash of 59000 and issued common shares. June 1: Bought two corrputers for a total of $7500 by paying $1750 down and signing a note payable for the rest. Interest of 10% to be paid with the note payable on February 1 next year. The computers are expected to last 3 years, June 5: Performed sorvices for a clent and recelved cesh of $8500. June 9: Paid $3500 on accounts payable. June 13: Purchased supples on account. $6500. June 20: Collected cash from a customer on account, $600. June 23: Consulted on the desith of a business report, and billed the clent for services rendered, 34000 . June 25: Declared and paid a cash dividend of $600. June 30: Recorded the following business expenses for the month: paid otice rent, $500; paid advertsing. $400. June 30: Acerved employee salaries. Employees work. 5 days each week and are paid $4000 every Friday. The month ended on a Wednesday. June 30: A physical count revealed that $1500 worth of supples are stilt on hand. Dther infermation: 1) In the past, Lite Bue Dog inc. has used the folowing accounts on their income statement Revenue, Depreciation Expense, Interest Expense, Rent Expense, Salaries Expense. Adverting Expense, and Supples Expense. They use the Dividends account to record dlvidends. Not al accounts have been used each period. Required: been pre-populated. Ensure your pournal entries match the appropriate date. Explanntons are not required. 2) Analyze the eflects of the above transactons on the accounting equation, Pace your answer under "Requirement 2 " h the "Anwwer" tab. 3) Prepare the income Statement for the month ended June 30, 202X. List expenses in decreasing order by amount. Pace your answer under 'Requirement 3t in the "Answer" tab. 4) Prepare the Statement of Retained Eamings for the month ended June 30, 202X, Place your answer under "Requirement 4" in the "Answer" tab." 5) Prepare the Balance Sheet at June 30, 202x. Pace your answer under "Requirement 5 in the 'Answer" tab. 6) Using the method outined in the lextbook, journalze the necessary closing entries for the month ended June 30 , 202x. Pace your answer under "Reourement 0in the "Answer" tab