i need the answers of the below questions both of them.

Question 5-Reverse Engineering (working backwards) Explain, in detail, in the narration section of each journal entry below, what transaction would have occurred to give rise to each of the three unrelated journal entries recorded below: Debit Credit Accounts affected Cash at Bank Date 600 a) 1 March 600 Sales 700 Advertising fees Cash at Bank bMarchCas 700 3 000 ch Inventory 3 000 March Accounts Payable Explain the purpose of preparing a Balance Sheet. information is contained in this particular financial statement (Your answer should describe what and why it is helpful to a business owner or other interested party.) Be sure to reference your research sources and cite these sources correctly within your answer. Recommended 2 or 3 different sources