Help, I'm not quite sure what to do.
2. Danielle Dog is the sole stockholder in Dog, the Beauty Hunter, Inc., a modeling agency. Below are transactions which occurred in the operation of the company during the month of June. Record each transaction on the worksheet that has been supplied for this purpose, including entries in the description column for any amounts entered into Retained Earnings. There is no need to total all of the columns. o June 2 Purchased equipment at a cost of $12,000, making a cash down payment of $3,000 and obtaining a bank loan for the rest. O June 10 O June 20 Performed services for a client on account, $10,000. o June 24 Made a payment on account, $400 Received payment from a client on account for services previously o June 27 provided, $5,000 Paid $1,200 to the bank. Of that amount, $1,000 was a repayment of the loan and $200 was interest. O June 28 O June 30 Paid salaries for June, $8,000 Paid a dividend, $5,000 Assets = Liabilities + Stockholders' Equity Date Cash Accounts Equipment | Bank loan Receivable Capital Retained payable Stock Description Earnings 6/2 -3,000 12,000 9,000 6/10 0 10.000 0 0 0 10,000 $10,000 from services 6/20 -400 0 0 0 0 0 6/24 5.000 -5,000 0 0 0 0 0 6/27 -1,200 0 -1,000 0 $200 deduced from -200 interest 0 6/28 -8,000 0 0 $8,000 deduced from 0 -8,000 salary 0 6/30 -5,000 0 0 0 $5,000 deduced from -5,000 dividendA) There are two (2)1easons why certain assets depreciate. List those reasons here: (1) Spread out the cost and generate revenue from it (2) Used to account for declines in the carrying value overtime B) Dog's equipment has a useful life of 4 years. Calculate the depreciation for the month of June in the space below. Show ALL of your work. C) At the end ofJune, Dog's has $300 ofsupplies on hand. It started the month ofJune with $800 of supplies. What would be Dog's supplies expense for the month ofJune'? Show your work