westion 10 Time left 0:48:12 Briefly answer the following questions in the space below: 1. Why are adjusting entries prepared? When would this be done? 2. List the five (5) types of adjusting journal entries. 3. Adjusting the income statement accounts ultimately end up in this permanent account at the end of the year. Name that permanent account arked out of 30 Flag westion 7 B T