ACC 290 Week 4 Learning Team Reflection ACC 290 Week 4 Learning Team Reflection Discuss the objectives for Week Three. How do they relate to the practice of accounting and its uses in business? Prepare closing entries, reversing entries, and a post-closing trial balance. Prepare a financial statement worksheet. Prepare a classified income statement, retained earnings statement, and balance sheet. Write a 350- to 500-word summary of your Learning Teamâ€™s discussion.