Can someone answer these questions pls ?

Chapter 4 Do In Class Handout - Recording Business Transactions 1. How do we prepare the financial statements? a) List the order the financial statements should be prepared i) In your own words, how is the classified balance sheet different from the unclassified balance sheet? b) How do we distinguish between current asset vs. long-term asset and currently liability vs. long- term liability? c) 2. How could a worksheet help in preparing financial statements? If a company has a net income, the amount of net income would be entered on the (debit or credit) side of the income statement columns on the worksheet. a) If a company has a net loss, the amount of net loss would be entered on the credit) side of the income statement columns on the worksheet. b) (debit or 3. What is the closing process, and how do we close the accounts? a) List 4 examples of temporary accounts. iv)