Need with several questions in Accounting! I've been getting conflicting answers so I'll try this section:

1. Need with several questions in Accounting! I've been getting conflicting answers so I'll try this section: 

1. Bailey's received its electric bill for December on December 31, but did pay or record it in the general journal. This resulted in: 

a. understated assets

b.overstated net income

c.overstated liabilities 

d.understated capital

2. The adjusted trial balance columns :

a. Help insure the ledger is still in balance

b.help identify any errors that may have been made during adjustment 

c. show updated account balances to aid in preparation of the financial statements 

d.All of the above 

3.Adjusting journal entries:

a. Need not to be journalized since they appear on the worksheet

b. Need not to be posted if the financial statements are prepared from the worksheet

c. Are not needed if closing entries are prepared 

d. Must be journalized and posted

4. The entry to close income summary (net loss) was entered in reverse- income summary was debited and capital was credited. This error will cause : 

a. Income summary to have credit balance 

b. Income summary to have debit balance

c. The assets to be overstated 

d. Liabilities to be overstated 

5. Closing entries will:

a. Increase the owners capital

b. Decrease the owners capital 

c. Either increase nor decrease the owners capital

d. Not affect the owners capital balance

6. in the normal according cycle , the: 

a. Financial statements are prepared after the adjusting entries are posted 

b. Financial statements are prepared before the adjusting entries 

c. Adjusting and closing entries are journalized before the financial statements are prepared 

d. Post-closing trial balance is prepared before the closing entries 

7. Closing entries:

a. Need not to be journalized since they appear on the worksheet

b. Need not to be posted if the financial statements are prepared from the worksheet

c. Are not need if adjusting entries are prepared 

d. Must be journalized and posted 

thank you for your help! I need somebody that actually encountered these questions 

Thank you