Which of the following is performed last at the end of the year?
A) Prepare adjusting entries.
B) Prepare an adjusted trial balance.
C) Prepare closing journal entries.
D) Prepare a post-closing trial balance.
Correct Answer:
Verified
Q205: The balance in retained earnings prior to
Q208: In the closing process,_ are zeroed out
Q209: Permanent accounts are found on:
A) only the
Q211: An error must have been made if
Q212: The closing entry for dividends involves a
Q213: Which of the following would decrease net
Q214: Dividends:
A) are an expense of doing business.
B)
Q215: How do temporary accounts differ from permanent
Q218: A closing entry includes a:
A)debit to Sales
Q219: Which of the following statements about the
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