and dividend accounts to 4 Which one of the Sollowing best desnbes the charactoristics of adjunting entries? A Adjesting entries roduce the balance of revenue, expnse C Adusting entries allow Sor the prope recogrilion of imvestmes frm and distributions v D. Adjusting antries allow Sor the proper recognition of revenue and expenses the proper recognition of cash flows atries allow for d 54,200 preniun to perpaid insurance. At its December 31 year-end Thomas Co., woukd rocord whichof the following adjusting emaies 5 Thomas Co, purchased a one year hazard insurance policy on August 1 and recceded the n 12-16 Insurance E Expense Accounts Payable D. Insurance Expese Prepaid Imurance A. Option A B Option B D. Option D A list of all accounts and their balances before updating account balances for adjusting entries is referred to as: A. A trial balance B. An adjustod trial balance C. A post-closing trial balance D. An accounting trial balance 6. Barr AC Sp