I need help with this. This is one entire questions so answer correctly, I will rate 5 stars. Thank you!

Presented below are the year-end balances at December 31, of Sara's Spiffy Dog Salon in random order. (All accounts have normal balances.) (a) Prepare the necessary closing entries at December 31. (b) Prepare a post-closing trial balance at December 31. Short answer questions. Answer the following questions in your own words. Feel free to look them up in the book but please re-word them in your own words to show you understand what you are saying 1 advise against googling answers for this class because not all internet answers are in the same format or use the same terminology as your author, and that is why I suggest you look them up in your text or listen for the answers in the lecture videos. Always answer these types of questions in complete sentences and paragraphs. 1. What purpose(s) are accomplished by preparing and posting adjusting entries? 2. What purpose(s) are accomplished by preparing and posting closing entries? 3. Why are assets and liabilities reported in separate categories on the classified balance sheet? What are the categories used to separate assets and liabilities? 4. What is the difference between temporary and permanent accounts