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Karen Pollard owns an ice cream shop. She is in the middle of her accounting period, and she wants to know the amount of accounts
Karen Pollard owns an ice cream shop. She is in the middle of her accounting period, and she wants to know the amount of accounts receivable owed to the company. Should she look at the trial balance first? Why or why not?
Yes; the trial balance is kept uptodate after every transaction.
No; the trial balance only shows credit accounts, not debit accounts.
No; the trial balance is only uptodate at the end of the accounting period.
No; the trial balance only gives an estimate of the amount in each account, not a specific value.
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