where are the rest of the question like E3-2 E3-3...

Explain. Exercises E3-1 Transactions using accrual accounting Derma Care is owned and operated by Marilyn McColley, the sole stockholder. During February 2013, Derma Care entered into the following transactions: a. Marilyn McColley invested $30,000 in Derma Care in exchange for capital stock. b. Paid $7,200 on February 1 for an insurance premium on a 1-year policy. c. Purchased supplies on account, $1,200. d. Received fees of $43,500 during February. e. Paid expenses as follows: wages, $8,000; rent, $2,500; utilities, $1,000; and miscel- laneous, $850. f. Paid dividends of $5,000. Record the preceding transactions using the integrated financial statement framework. After each transaction, you should enter a balance for each item. E3-2 Adjustment process Using the data from Exercise 3-1, record the adjusting entries at the end of February to record the insurance expense and supplies expense. There was $800 of supplies on hand as of February 28. Identify the adjusting entry for insurance as (al) and supplies as (a2). E3-3 Financial statements Using the data from Exercises 3-1 and 3-2, prepare financial statements for February, including income statement, retained earnings statement, balance sheet, and state- ment of cash flows