Please Journalize the questions. Need ASAP
AutoSave OFF OF A SU Er Accounting Cycle Excel Assignment (2) Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments X Arial v 10 ~ Al A h Wras Text Insert v Ceneral 270 Delete v Pasto BIU dev E Merge & Center % y GB Conditional Format Cell Formatting es Table Styles Sensitvity Format v Sort Filter v Find & Select Analyze Data A1 x fx A B C D E E F Conditional Formatting s T U V G H 1 J j L M M N 0 P Q Q R w X Y Z AA AB 1 2 3 The following amounts summarize the financial position of Little Big Dog Inc. on May 31, 202X 4 + Cash + + Assets Computers (net) 0 + Supplies + Land - Accounts Receivable 1500 Liabilities Accounts + Note Payable * Payable 12000 0 Interest Payable Salaries Payable 0 5 5 Shareholders' Equity Common Retained Shares Earnings 6000 5550 Balance 3900 150 18000 0 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 During June 202x, the business completed these transactions: June 1: Received a cash investment totalling $13500 in exchange for common shares. June 1: Purchased three computers. The company paid $3375 In cash and took out a bank loan of $4125 to cover the remaining balance owing. The loan bears interest of 10% to be paid on February 1, next year. The computers are expected to last 3 years, June 5: Paid $1800 for the current month's office rent. June 9: The business was invoiced for a $7500 purchase of office supplies. June 13: Performed services for a client and received $6000. . June 20: Declared and paid a cash dividend of $900. June 23: Received $300 from a customer that was billed last month. June 25: Paid $6750 of a bill received earlier in the month. June 30: Billed a client for services rendered, $8250. : , June 30: A physical count received that $1050 worth of supplies are still on hand. June 30: Paid $1650 for an advertising campaign that had been run during the month and accrued employee salaries. Employees work 5 days each week and are paid $6000 in total every other Friday. The month ended on a Wednesday. Employees were last paid 2 weeks ago. Other Information: 1) In the past, Little Big 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: 1) Create all necessary journal entries for the month of June 202X. Place your answer under "Requirement 1 in the 'Answer tab. Note that the dates have been pre-populated. Ensure your journal entries match the appropriate date. Explanations are not required. 2) Analyze the effects of the above transactions on the accounting equation. Place your answer under "Requirement 2* in the 'Answer' tab. Problem A Answer Instructions + ### + 138%
