After preparing the work sheet, adjusting entries must be recorded in the __________ and then posted to the ______________.
A) general journal; general ledger
B) trial balance; financial statements
C) general journal; financial statements
D) none of the answers listed

Question

Quizplus · Accepted Answer

Adjusting entries are recorded in the general journal and then posted to the general ledger. The trial balance is used to ensure that debits and credits are equal before adjustments are made. The financial statements are prepared after all adjusting entries are posted to the general ledger.

After Preparing the Work Sheet, Adjusting Entries Must Be Recorded