Exercise 3: 1) The following data are the assets and liabilities amount of Pelican Travel, a proprietorship, at October 31, 20x3, and its revenue and expenses for the year. The items are listed in alphabetical order. The capital of J. Robinson, the owner, was $4,500 on November 1, 20x2, the beginning of the current fiscal year. During the year he withdrew $25,000. Accounts Name Accounts payable.... Cash...... Miscellaneous Expense...... Rent Expense.... Fees earned...... Supplies on Hand.... Supplies Expense.... Utilities Expense. Wages Expense... 210 6,500 1,750 24,000 84,530 865 1,125 4,500 25,500 REQUIRED: Prepare all financial statements 2) The following data are the assets and liabilities amount of Selen Steam Service, a proprietorship, at June 30, 20x3, together with its revenue and expenses for the year ended June 30, 20x3. The capital of F. Coleo, the owner, was $5,400 at July 1, 20x2. the beginning of the current accounting year, and F. Seleo withdrew $18,000 during the year. I Accounts: Cash.... Supplies on Hand...... Accounts Payable...... Fees earned..... Wages Expense... Rent expense Utilities expense.... Supplies Expense.. Taxes Expense.... Miscellaneous Expense... $ 6,125 675 1,100 68,775 24,900 9,900 8,500 4,550 1,800 825 REQUIRED Prepare all financial statements