The balances of the equity accounts from the Adjusted Trial Balance columns of the work sheet are extended to the Retained Earnings Statement columns.

Name: The balances of the equity accounts from the Adjusted Trial Balance columns of the work sheet are extended to the Retained Earnings Statement columns.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

The balances of the equity accounts from the Adjusted Trial Balance are extended to the Balance Sheet columns, not the Retained Earnings Statement columns.

The Balances of the Equity Accounts from the Adjusted Trial