Hello, can someone please help me with question 6 & 7 on this assignment? Any help would be much appreciated!

HM1030: Week 2 Assignment What accounting practices should be applied to transactions in preparation for an adjusted trial balance? This assignment helps you apply your knowledge from this week's modules and readings. As future managers in the healthcare setting, it is important that graduates understand when making financial decisions for a practice or facility you should be guided by the business's present financial status and future goals. Reading and interpreting financial data is critical to getting an accurate accounting of the current condition of the organization. 55 Basic Vocabulary Answer the following questions. 1. G. Double-entry accounting D. Trial balance F. Charts of accounts C. Debit B. Ledger E. Account A. Credit Match the terms below with the definations provided: ___. A detailed record of increases and decreases; is a specific asset, liability, equity, revenue, or expense. Information from this is analyzed, summarized and presented in reports and financial statements. ___. Is a record containing all accounts used by a company and their balances; it is referred to as \"the books\" ___. A list of all accounts and usually includes an identification number assigned to each account ___. Refers to left; increase: assets, expenses and withdrawals ___. Refers to right; increase: liabilities, owner capital and revenues ___. Each transaction affects at least two accounts; has at least one debit and one credit ___. A list of accounts from the ledger showing their debit or credit balance in separate columns. A summary of the ledger's contents; is useful in preparing financial statements and in revealing recordkeeping errors Ultimate Medical Academy. 1 2. G. Unearned (or prepaid) revenues D. Accrual basis accounting A. Accrued expenses F. Prepaid expenses C. The time period assumption E. Profit Margin B. Accrued Match the terms below with the definations provided: ___. Recognized revenue when earned and expenses when incurred - not necessarily when cash inflows and outflows occur. This information is valuable in assessing a company's financial position and performance. ___. Refers to revenues earned in a period that are both unrecorded and not yet received in cash. Adjusted entries involve increasing (debiting) assets and increasing (crediting) revenues. ___. Refers to items paid for in advance of receiving their benefits. Are assets. Adjusting entries involve increasing (debiting) expenses and decreasing (crediting) assets. ___. The reporting period's net income divided by its net sales; reflects on a company's earning activities by showing how much income is in each dollar of sales. ___. Refers to cash received in advance of providing products and services; are liabilities; adjusting entries involve increasing (crediting) revenues and decreasing (debiting) unearned revenue. ___. Refers to costs incurred in a period that are both unpaid and unrecorded. Adjusting entries involve increasing (debiting) expenses and increasing (crediting) liabilities. ___. Presumes that an organization's activities can be divided into specific time periods for periodic reporting. Ultimate Medical Academy. 2 Analyzing and Recording Transactions Answer the following questions. 3. D. Step C. Step 3 B. Step A. Step 1 Assign the correct order for analyzing and recording transactions: 4. ___. Post journal information to ledger accounts. ___. Prepare and analyze the trial balance. ___. Record relevant transactions and events in journal. ___. Presumes that an organization's activities can be divided into specific time periods for periodic reporting. E. Equity L. Liability A. Asset Classify the following accounts either as an \"asset\