Since the adjustments are entered on the end-of-period spreadsheet, it is not necessary to record them in the journal or post them to the ledger.

Question

Quizplus · Accepted Answer

The adjustments must be recorded in the journal and posted to the ledger before being entered on the end-of-period spreadsheet. This ensures that the financial statements accurately reflect the company's financial position and performance.

Since the Adjustments Are Entered on the End-Of-Period Spreadsheet, It