Which of the following appears on an adjusted trial balance?
A)The ending balance of Retained Earnings
B)Dividends
C)Gross profit
D)Net income

Question

Quizplus · Accepted Answer

The Dividends account appears on the adjusted trial balance.Only beginning retained earnings appears on the adjusted trial balance;since the closing entries have not yet been recorded,the Retained Earnings account does not yet reflect the ending balance.Gross profit and net income are computed amounts (rather than accounts)and,as such,do not appear on any trial balance.

Which of the Following Appears on an Adjusted Trial Balance