Define the accrual basis of accounting, and why it is generally preferred over the cash basis?

Please see instructions below per writing assignment.

1). Define the accrual basis of accounting, and why it is generally preferred over the cash basis?

2). Describe the two main types of adjusting entries (deferrals and accruals), and give at least 1 example of EACH of the 2 types. (ie, You should have 2 complete journal entries 1 deferral entry, and 1 accrual entry Be sure to have a debit account and a credit account with amounts in your entry)

3). Explain what an Unadjusted Trial Balance is, and the relationship between the Unadjusted Trial Balance, adjusting journal entries, and the Adjusted Trial Balance.

4). Finally, what do we do with the Trial Balance, and what statements is it used to produce?

Please use the following quote with the paper:
“The accrual basis of accounting provides a better picture of a businesss revenues and expenses”.

Matsumura, T.M.B.M.E. M. (2017). Horngren’s Financial & Managerial Accounting. [Bookshelf]. Retrieved from https://full-bookshelf.vitalsource.com/#/books/9780134491646/

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