Can financial statements be prepared directly from the adjusted trial balance?

They cannot. The general ledger must be used.

Yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts.

They can because that is the only reason that an adjusted trial balance is prepared.

No$,$ the adjusted trial balance merely proves the equality of the total debit and total credit balances in the ledger after adjustments are posted. It has no other purpose.

Expenses sometimes make their contribution to revenue in a different period than when they are paid. When salaries and wages are incurred in one period and paid in the next period, this often leads to which account appearing on the balance sheet at the end of the time period?

Due from Employees.

Salaries and Wages Payable.

Due to Employer.

Salaries and Wages Expense.