The Purpose of Adjusting Entries Is To

The purpose of adjusting entries is to:

A) Prepare the revenue and expense accounts for recording the revenue and expenses of the next accounting period.
B) Record certain revenue and expenses that are not properly measured in the course of recording daily routine transactions.
C) Correct errors made during the accounting period.
D) Update the equity account for the changes in equity that had been recorded in revenue and expense accounts throughout the period.