Because adjusting entries are recorded on a work sheet, they do not need to be journalized or posted.

Question

Quizplus · Accepted Answer

Although adjusting entries are recorded on a work sheet, they still need to be journalized and posted to the general ledger and subsidiary ledgers. The purpose of the work sheet is to help prepare financial statements, but the journal entries still need to be made in order to update the accounts.

Because Adjusting Entries Are Recorded on a Work Sheet, They