Adjusting Entries Are Made at the End of the Period

Adjusting entries are made at the end of the period because of the need to

A) adjust the balance in the cash account for the effects of all daily transactions with customers and creditors.
B) assure that all revenues and expenses are recognized in the period in which they are earned or incurred.
C) assure that debits are equal to credits prior to preparing the trial balance.
D) prepare revenue and expense accounts for recording transactions in the next accounting period by bringing the balances to zero.