The entries transfer the results of operations to owner's equity. Multple Cholce adjusting closing correcting reversing The entries transfer the results of operations to owner's equity. Multiple Choice adjusting closing correcting reversing The - entries reduce the bolances of the revenue, expense, and drawing accounts to zero so they are ready to tecord data for the next peric Mutipie Chaice ad isting ciocing corresting revperano The is prepated to make sure that the general ledger is in balance after adjusting and closing entries have been recorded and ported. Mirbole Choces worktetet adjucted tral balance portolocing tial bolance Balance theet