Which one of the following is usually performed only at the end of a company's annual accounting period?

Question

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Closing entries are performed at the end of the accounting period to transfer the balances of temporary accounts (revenues, expenses, gains, and losses) to the retained earnings account. This process separates the current period's activity from the prior period's and prepares the accounts for the next accounting cycle. Preparing financial statements, journalizing and posting adjusting entries, and preparing an adjusted trial balance may be performed at other points during the accounting period.

Which One of the Following Is Usually Performed Only at the End