Saved Help Balance lists each account and the account balance at the end of the accounting period. Prepare a Trial Balance to verify that the accounting system is in balance-total debits should equal total credits. .Adjustments. At the end of the accounting period before preparing financial statements, make any adjustments necessary to bring the accounts up to date. Adjustments are entered in the Journal using debits and credits. Adjusted Trial Balance. Prepare an Adjusted Trial Balance (a Trial Balance after adjustments) to verify that the accounting system still balances. ⚫ Financial Reports. Prepare financial statements (Profit and Loss, Balance Sheet, and Statement of Cash Flows) for external users and internal users. Prepare management reports. For Mookie The Beagle Coach, we have prepared the Chart of Accounts and entered Transactions. Next, we need to create a Trial Balance, make Adjusting Entries, create an Adjusted Trial Balance, and then prepare Financial Reports for Mookie The Beagle Coach. TRIAL BALANCE The purpose of the Trial Balance is to verify that our accounting system balances (debits equal credits) before we enter adjusting entries. Required: Complete the following to prepare a Trial Balance for Mookie The Beagle Coach. 1. From the Navigation Bar, select Reports 2. Select Standard report tab 3. Select Report Category: For My Accountant 4. Select Trial Balance and complete steps to run the Trial Balance at 02/29/2024 5. Export the Trial Balance to Excel. Answer the following questions about Mookie The Beagle Coach Trial Balance. 1. What is the amount of Total Debits? 2. What is amount of Total Credits? 3. What is balance in the 5035 Insurance Expense: Liability Insurance Expense account? 4. What is balance in the 5045 Office Supplies & Software account? Note: For all requirements, answer the questions in the table shown below. Round your answers 2 decimal places. 1. Amount of total debits 2. Amount of total credits 3. Liability insurance expense account 4. Office supplies and software account

A system contains many processes. Three common processes that are “grouped” together are transaction corrections, adjustments, and cancellations. These three elements work to properly serve customers. Imagine a system that allows you to register for a class online. The online system must give you a way to correct any errors you made, such as registering for the wrong class. This would be a transaction correction. The system should also allow you to make adjustments, such as adding or dropping classes. Finally, the system should allow you to make cancellations, such as cancelling the registration process entirely. Notice that all three of these processes, correction, adjustment, and cancellation, work together to provide you with one service, which is registering for classes. What type of requirements are transaction corrections, adjustments, and cancellations? Select one. Question 4 options: A Functional Requirements B Nonfunctional Requirements

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How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.