1- The trial balance prepared after all closing entries have been journalized and posted is called the: Select one: a. Post-closing trial balance. b. Unadjusted trial balance. c. Work sheet. d. Adjusted trial balance

2- A classified balance sheet: Select one: a. Measures a company's ability to pay its bills on time. b. Organizes assets and liabilities into important subgroups. c. Presents revenues, expenses, and net income. d. Reports operating, investing, and financing activities.