Exercise 1 Use the sheet identified as "Exercise 1" in the Excel document to answer the following question: Mention the financial statements used to perform an analysis of the financial situation and what information each provides. Exercise 2 Use the table provided in the Excel sheet identified as "Exercise 2, 3 and 4" to analyze the effect of the following transactions (owner's equity) on the accounting equation. Mercedes Marin owns Limpieza y ms, an office cleaning company. At the end of the accounting period on December 31, 2019, Limpieza y ms had $210,000 in assets and $55,000 in liabilities.

Exercise 3 Use the table provided in the Excel sheet identified as "Exercise 2, 3, and 4" to analyze and indicate the effect of the following transactions on the accounting equation. Security and more is handled by Manuel Ayala. During the month of January, the following transactions were recorded: The company received cash for an investment from the owner of $18,000.

A customer was offered service on credit for $6,000. Security and More paid a bill he had on credit for $1,500. $3,000 was received from the customer who had a credit account. Equipment for security guards purchased in cash for $2,100

Exercise 4 Use the table provided in the Excel sheet identified as "Exercise 2, 3, and 4" to analyze and indicate the effect of the following transactions on the accounting equation. Contabilidad Express is an accounting company operated by Orlando Rojas. At the end of April, the following transactions were recorded:

Advertising expenses of $2,000 were paid. A purchase of office supplies was made on credit for $400. Services provided to customers on credit were billed for $6,000. A payment was received for a service rendered at the time for $1,800. A payment for services rendered on credit of $2,500 was received.