Which of the following accounts will reflect the account's beginning balance on the adjusted trial balance?
A)Prepaid rent
B)Retained earnings
C)Prepaid insurance
D)Unearned revenue

Question

Quizplus · Accepted Answer

Retained earnings reflect the beginning balance on the adjusted trial balance because it is adjusted for net income and dividends at the end of the period, while other accounts like prepaid rent, prepaid insurance, and unearned revenue are adjusted for the current period's transactions.

Which of the Following Accounts Will Reflect the Account's Beginning