Need answers for 1 , 2 ,3 and 4

Mobol, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following: a. At year-end, employees earned wages of $4,000, which will be paid on the next payroll date, November 13. b. At year-end, the company had earned interest revenue of $3,000. It will be collected December 1. Required: 1. What is the annual reporting period for this company? April 1 through March 31 April 1 through December 31 November 1 through October 31 2. Identify whether each required adjustment is a deferral or an accrual. Both transactions are accruals Both transactions are deferral First transaction is accrual O First transaction is deferral Second transaction is accrual Second transaction is deferral 3. Show the accounting equation effects of each required adjustment. (Enter any decreases to accounts with a minus sign.) Assets Liabilities Shareholders' Equity a b 4. Why are these adjustments needed? O Adjustments are needed to ensure the financial statements are up-to-date and complete. Adjustments are needed to ensure the financial statements are prepared as per cash basis