Help me answer this question.

1. What is the purpose of adjusting entries Choose One 20 points OTo update the books O To fix the books due to errors O To close the books O All of the above 2. The process of copying information from the journal to the ledger is called: Choose One 20 points O posting O cross-referencing O post reference O bookkeeping 3. What is the proper sequence of recording an adjusting entry transaction Choose One 20 points O Adjusted Trial balance, journalize in the journal, post to the ledger O Journalize in the journal, post to the ledger, prepare a adjusted trial balance O Journalize in the ledger, post to the journal, and prepare an adjusted trial balance. O Prepare an unadjusted trial balance then preparedthe ledger. 4. Which of the following is a proper adjusting entry: Choose One 20 points O Dr. insurance expense...x Cr. Supplies.. O Dr. Accumulated Depreciation.. Cr. Depreciation expense...x O Dr. Insurance expense.x Cr. Prepaid Insurance.. O Dr. Supplies x Cr. Supplies expense.. 5. You must have an income statement and balance sheet impact in each adjusting entry you journalize. Choose One 20 points O True O False