The order of the steps to prepare the worksheet are:
A) prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.
B) complete the adjustments, prepare the adjusted trial balance, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.
C) extend the totals to the Income Statement and Balance Sheet columns, prepare the trial balance, complete the adjustments, prepare the adjusted trial balance.
D) prepare the adjusted trial balance, complete the adjustments, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.

Question

Quizplus · Accepted Answer

The correct sequence for preparing a worksheet begins with preparing the trial balance, followed by completing adjustments, then preparing the adjusted trial balance, and finally extending the respective totals to the Income Statement and Balance Sheet columns. This process ensures that all transactions are recorded, adjustments are made for accruals and deferrals, and financial statements accurately reflect the company's financial position.

The Order of the Steps to Prepare the Worksheet Are