en 7 Which step in the accounting process directly precedes the preparation of closing entries? ed out of 1.0 question Select one: O a. Preparation and posting of adjusting journal entries O b. Preparation of financial statements Oc. Preparation of unadjusted trial balance O d. Preparation of an adjusted trial balance 2n8 A balance sheet can be prepared by reference to which item? t red out of 1.0 question Select one: O a Post-closing trial balance O b. Subsidiary ledgers Oc. Source documents O d. General and special journals O e. None of these can be used to prepare a balance sheet