What is NOT true regarding the Trial Balance?

Multiple Choice

Trial Balances are prepared only after making adjustments (adjusting entries) since the account balances must be up to date to prepare a trial balance.

It is a listing of all of the companys accounts and the ending account balances; it is prepared both before and after making adjusting entries.

Its purpose is to verify account balances and ensure an accounting system balances.

To view, a Trial Balance in QBO view All Reports in Reports and select Accounting Reports.