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It is three days before the end of the fiscal year. It is time to prepare the financial statements, and you have just completed
It is three days before the end of the fiscal year. It is time to prepare the financial statements, and you have just completed the unadjusted Trial Balance for the period. If there are no transactions recorded in the next three days, what would be your next step in the Accounting Cycle? A Make any adjusting entries and prepare the Adjusted Trial Balance. B Confirm that your debits and credits are equal. Since there were no transactions you can proceed and prepare the Financial Statements. D Confirm that the Trial Balance report agrees with the budget.
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