The trial balance is prepared to make sure that the general ledger is in balance after adjusting and closing entries have been recorded and posted.
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Q60: Information in the financial statements provides answers
Q61: The _ entries transfer the results of
Q62: Identify the item below that is NOT
Q63: After all the closing entries are posted,
Q64: The firm had net income if the
Q66: The balance of the Income Summary account
Q67: Data for the first two closing entries
Q68: In the closing procedure, the total of
Q69: After the worksheet has been completed, the
Q70: At the end of the accounting period,
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