The adjustments entered in the adjustments columns of a worksheet are
A) not journalized.
B) posted to the ledger but not journalized.
C) not journalized until after the financial statements are prepared.
D) journalized before the worksheet is completed.

Question

Quizplus · Accepted Answer

Adjustments entered in the adjustments columns of a worksheet are not journalized until after the financial statements are prepared. The purpose of the worksheet is to help prepare the financial statements, so the adjustments are entered in the worksheet in order to see how they will affect the financial statements. Once the adjustments have been finalized, they are then journalized and posted to the ledger.

The Adjustments Entered in the Adjustments Columns of a Worksheet