I need help to answer all these questions pls

3. What are adjusting entries? a) Give an example of a deferred expense. If a piece of equipment costs $10,000 and has a useful life of 5 years, what is the depreciation expense for the first year using the straight-line method? Assume no residual value. b) c) Using the information in the question above, what is the book value at the end of year 1? What is the journal entry for receiving cash from customers of $1,000 in advance for concert tickets before the concert has taken place? d) Accounts and Explanation Debit Credit Date e) Give an example of an accrued expense. 4. What is the purpose of the adjusted trial balance, and how do we prepare it? a) How is the unadjusted trial balance and the adjusted trial balance different? 2-2