please answer each question A substantive response should be a minimum of 3-6 well-structured sentences.

Unit 2 Discussion#1: The Recording of Business Transactions 15 pts Recording business transactions requires (a) entering transactions in the general journal and (b) posting of journal entries to the general ledger. Which step requires a greater understanding of accounting principles and why? Unit 2 Discussion#2: Preparing the Trial Balance and Financial Statements 15 pts What's the difference between the trial balance and the balance sheet? Discuss the purpose of the trial balance and the purpose of the balance sheet in your answer. Unit 3 Discussion#1: Cash Basis Accounting and Accrual Basis Accounting 15 pts How does cash basis accounting differ from accrual basis accounting? Which gives a more accurate picture of the profitability of a company and why