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hello Can you help me answer the 3 questions of this exercise Question 3 You received the following transactions from a newly setup trading firm,

hello Can you help me answer the 3 questions of this exercise

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Question 3 You received the following transactions from a newly setup trading firm, Scan Dell Pte Ltd for the month of August 2020. Part of the expenses the company incurred include 51,250 for rent, $3,400 for salaries and $650 for electric utilities. Cash Accounts Supplies Equip Account Owners Owners Rev Expenses Received Payable Capital Drawing 22.000 ___-___ 2.000 ______ 900 ___-___ +4.600 ___-___ 4.500 ___-___ 3,500 ___-___ 4500 ___-___ +800 +550 ___-___ -3.aoo ___-___ -3300 +1300 4,300 Assume that August is the company's first month of business. (a) Describe each of the transaction that occurred during the entire month and calculate the accumulated amount of CASH received during the period. (b) Determine how much owner's equity has increased during the month of August. (c) Prepare the following for the month of August: a. An income statement, b. Balance Sheet AND an Owner's Equity Statement as on August 31, 2017

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