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The video tutorials explore exercise 1-3 from page 36 of the textbook focusing on financial statements. The aim is to identify transaction effects using the accounting equation. Ming Chen started a professional practice on June 1st and completed various transactions in June. The task is to arrange asset, liability, and equity titles in a table and show the effects of transactions using addition and subtraction. New balances are calculated after each transaction to demonstrate changes in the accounting equation. The basic balance sheet equation is displayed in a table format for reference in the Connect platform.