Help me answer this question.

1. How many steps are there in the accounting cycle? Choose One 25 points O 13 O 3 O 5 O 16 2. What is the purpose of closing entries Choose One 25 points OTo update Capital O To terminate the business O To reverse the assets and liabilities OTo calculate the book value of each account 3. What is the proper sequence of the Accounting cycle Choose One 25 points Journal, Post, Ledger -Journalize day to day entries, post to ledger, trial balance, worksheet, journalize adjusting entries, post to ledger, adjusted trial balance, financial statements, journalize closing entries, post to ledger, post-closing trial balance. Closing entries, adjusting entries, day to day entries, and worksheet is optional, ledger, prepare post-close trial balance. O A O B O The order is irrelevant 4. What are the mnemonic devices from this class Choose One 25 points O Hip bone connected to the leg bone O ALCDRER ODebit ADE, LCR, RED O A+L-OE