these are some questions from a study guide if they could be explained on how to do them or what is needed to be done it would be very helpful.

Chapter 4 multiple-choice questions. 8 questions. You may be asked about the following: 1. Given an adjusted trial balance, calculate total current assets.

2. Given an adjusted trial balance, calculate net income.

3. Given an adjusted trial balance, calculate the retained earnings ending balance. Hint: Remember that retained earnings is increased with net income and decreased with dividends.

4. Given an adjusted trial balance, calculate total assets.

5. Calculate the amount of an insurance adjusting entry when the insurance premiums have been prepaid.

6. Given the accounts from an adjusted trial balance, calculate net income.

7. Given the end-of-period spreadsheet (shows adjusted trial balance, the income statement columns, and the balance sheet columns), calculate the impact of closing entry related to the expense and revenue on retained earnings.

8. Know the journal entry component for the closing entry for expenses and revenues.

9. Given the components of the end of period spreadsheet for the income statement columns. Calculate net income or net loss. Remember the normal balances for both expenses and revenues.

10.Explain what it means if the debits column is less then the credit column on the end-of-period spreadsheet.