Which of the following statements is prepared from the unadjusted trial balance?
A) Income Statement
B) Statement of Owner's Equity
C) Balance Sheet
D) None of the above

Question

Quizplus · Accepted Answer

The unadjusted trial balance lists all accounts and their balances before any adjustments have been made. It is used as a starting point for making adjusting entries and preparing financial statements such as the income statement, statement of owner's equity, and balance sheet. Therefore, none of the options listed are prepared directly from the unadjusted trial balance without further adjustments being made.

Which of the Following Statements Is Prepared from the Unadjusted