The dollar figures in the adjusted columns are added to or subtracted from the unadjusted trial balance amounts to determine the adjusted trial balance figures.

Question

Quizplus · Accepted Answer

This statement is true. Adjusting entries are made to record transactions that occurred during the accounting period but were not initially recorded in the trial balance. The dollar amounts in the adjusted columns are used to update the unadjusted trial balance amounts to create the adjusted trial balance.

The Dollar Figures in the Adjusted Columns Are Added to or Subtracted