Adjusting journal entries are prepared ________

A) after preparing the adjusted trial balance
B) after preparing the unadjusted trial balance
C) after posting the closing entries
D) after preparing the financial statements

B

Business

You might also like to view...

An employer who receives a complaint of harassment has an obligation to:

A. investigate and take corrective action. B. notify the EEOC. C. adhere to the complainant’s request on whether to take further action. D. consider the complainant’s statement as accurate until proved otherwise.

Business

Bryan Consultants had the following balances before preparing adjusting entries in the books on December 31, 2017

Cash $6,000 Dividends $3,000 Accounts Receivable 2,000 Service Revenue 10,600 Office Supplies 1,800 Salaries Expense 4,000 Equipment 15,000 Rent Expense 800 Accumulated Depreciation- 9,000 Depreciation Expense- 1,500 Equipment Equipment Common Stock 15,000 Supplies Expense 500 Prepare the adjusted trial balance after considering these adjustments: a. Office Supplies used, $800. Assume the office supplies were initially recorded as an asset. b. Accrued salaries on December 31, $600. c. Revenue earned but not recorded, $200. What will be an ideal response

Business