1. Why are accrual-basis financial statements more useful than cash-basis statements? (Ignore the SCF for the moment) 2. The Cash account never appears in an adjusting entry. Why not? 3. From what three actions does a company get assets? (The result of these actions are described on ONE of the financial statements.) 4. Provide four reasons why the unadjusted trial balance could balance, but the books still be wrong. 5. Why do accountants still use double-entry bookkeeping after 500+ years? 6. What is the difference between permanent accounts and temporary accounts? Why do we use both types of accounts