Accounting Problem
• Give an example that shows that difference between the cash basis and the accrual basis of accounting.
• Give an example of each of the four major types of adjusting entries.
• Describe the nature and purpose of the adjusted trial balance.
• Describe how closing entries are made.
• List the required steps in the accounting cycle.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.