60. Can financial statements be prepared directly from the adjusted trial balance? a. They cannot. The general ledger must be used. b. Yes, adjusting entries have been recorded in the.general journal and posted to the ledger accounts. r No, the adjusted trial balance merely proves the equality of the total debit and total credit d. They can because that is the only reason that an adjusted trial balance is prepared. balances in the ledger after adjustments are posted. It has no other purpose