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Feb. 1 Mr. A began a legal firm by investing S7,000 in cash and computer equipment having a $5,000 fair value. Feb. 2 Purchased office

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Feb. 1 Mr. A began a legal firm by investing S7,000 in cash and computer equipment having a $5,000 fair value. Feb. 2 Purchased office furniture for $1,100 on account. Feb. 4 Provided legal consultancy for $1,900 on account. Feb. 10 Paid for the items purchased on credit on February 2. Feb. 14 Paid $1,600 for rent. Feb. 18 Received $900 on account for the service provided on February 4. Feb. 27 Mr. A withdrew $200 cash from the firm to pay personal expenses. Feb. 28 Paid the February utility bills, $100. You are required to give journal entries to record the above transactions and then do ledger posting. Also, prepare Trial balance, Income statement, Statement of changes in equity, Balance Sheet

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