The following amounts summarize the financial position of Little Red Dog Inc. on May 31, 202X Liabilities. Cash + Balance 4800 Accounts Receivable 2400 + Assets Computers (net) 0 + Shareholders' Equity Accounts Note + Supplies +Land + + + Payable Payable Payable Common Salaries Interest Shares Payable + + Retained Earnings 750 19500 12900 0. 0 0 6900 7650 During June 202X, the business completed these transactions: June 1: Received cash of $13500 and issued common shares. June 1: Bought two computers for a total of $7500 by paying $2250 down and signing a note payable for the rest. Interest of 5% to be paid with the note payable on March 1 next year. The computers are expected to last 3 years. June 5: Performed services for a client and received cash of $9750. June 9: Paid $1500 on accounts payable. June 13: Purchased supplies on account, $9000. June 20: Collected cash from a customer on account, $1050. June 23: Consulted on the design of a business report, and billed the client for services rendered, $1500. June 25: Declared and paid a cash dividend of $900. June 30: Recorded the following business expenses for the month: paid office rent, $1800; paid advertising, $1950. June 30: Accrued $7000 in employee salaries. Employees work 5 days each week and are paid every Friday. The month ended on a Tuesday. June 30: A physical count revealed that $1650 worth of supplies are still on hand.