Please answer followingquestion in detail.

1. Describe the debits and credits for the three closing entries required at the end of a reporting period.
2. How do the adjusted trial balance and the post-closing trial balance differ? Which accounts are shown in the adjusted trial balance but not in the post-closing trial balance? Which account is shown in both trial balances but with a different balance on each?
3. What are the two purposes of preparing closing entries?

Answer the question to the point with full of details.

If you do it so i will upvote you otherwise i will downvote you.