Provide calculations (if its possible)

QUESTION 2 Entity A purchased a two-year insurance policy on January 1 for $4,000 and debited it to Prepaid insurance. If Entity A does not make the proper adjusting entry at the end of the first year, which of the following is correct? Hint: Make the correct adjusting entry first. O Retained earnings will be understated Current assets will be understated Net income will be understated O Current assets will be overstated QUESTION 3 Before month-end adjustments are made, the December 2022 trial balance of Entity I contains revenue of $13,000 and expenses of $9,000 resulting in income before adjustments of $4,000. Indicate whether the following should be added, subtracted or would have no effect (NE) in arriving at accrual basis net income: Depreciation expense for December is $450. O Added O Subtracted O NE QUESTION 4 Which of the following accounts would be closed at the end of the accounting period? O Common stock Service revenue O Accounts payable O Prepaid insurance QUESTION 5 Entity H opened in December 2022. On December 20, 2022, Entity H purchased a new computer (Office Equipment) from Best Buy for $1,000 paying $100 down the rest on account. This entry O requires two pairs of entries, one for the down payment and one for the cash O includes a debit to Cash and Accounts Payable O is a compound entry. includes two debits to Office Equipment