Topic 2

Hi, please answer these two questions with around 300 words with the sources after each question no at the end of the paper. Thanks.
1)Explain the statement: "The adjusting process is necessary for reporting the financial statements on an accrual basis." Select one of the following four categories of adjusting entries (prepaid expenses, unearned revenues, accrued expenses, accrued revenues) and explain why this type of adjustment is needed. What are some of the typical accounts that are affected by this type of adjusting entry? What are some of the typical entries prepared during the adjusting process?
2)Explore the textbook chapter and related resources for this topic. What are the most challenging concepts for you to understand? Have you found any supplemental resources or websites that have helped you to better comprehend the material? Participate in follow-up discussion by explaining concepts to your classmates, or by commenting on additional resources that were shared.

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Complete the quiz in a Word document. This is an open book quiz. The answer to each question must be 100-125 words.
Topic 2
1. What Life Course stage are you currently in according to the textbook? Analyze the stage based on your own experience. What are the similarities and the differences?
2. Use the concepts of dramaturgy to analyze an everyday situation at work, school, or family. Include the concepts of impressions management, sign-vehicles, team-work, or face-saving behaviors.
3. From the interactionist perspective discuss how you engage in your “personal bubble” using the four “distance zones.”
4. Give a brief discussion of three of the main agents of socialization in your life. Which one was the most influential and why?

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