The following amounts summarize the financial position of Little Yellow Dog Inc. on May $31,202$X

Other Information:

In the past, Little Yellow 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:

Create all necessary journal entries $($including adjusting entries$)$ for the month of June $202$X$.$ 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.

Analyze the effects of the above transactions on the accounting equation. Place your answer under "Requirement $2"$ in the "Answer" tab.

Prepare the Income Statement for the month ended June $30,202$X$.$ List expenses in decreasing order by amount. Place your answer under "Requirement $3"$ in the "Answer" tab.

Prepare the Statement of Retained Earnings for the month ended June $30,202$X$.$ Place your answer under "Requirement $4"$ in the "Answer" tab."

Prepare the Balance Sheet at June $30,202$X$.$ Place your answer under "Requirement $5"$ in the "Answer" tab.

Using the method outlined in the textbook, journalize the necessary closing entries for the month ended June $30,202$X$.$ Place your answer under "Requirement $6"$ in the "Answer" tab. Explanations and dates are not required.