Response to the following questions:
1. Where do we get the amounts to enter in the Unadjusted Trial Balance columns of a work sheet?
2. What are the advantages of using a work sheet to help prepare adjusting entries?
3. What are the overall benefits of a work sheet?
4. What are the major steps in preparing closing entries?
5. Why are revenue and expense accounts called temporary? Identify and list the types of temporary accounts.
6. What accounts are listed on the post-closing trial balance?