Which is correct concerning the adjusted trial balance

A. An adjusted trial balance lists all ledger account balances separated by assets and liabilities.

B. An adjusted trial balance is a method used to prove the accounting to date has been posted properly.

C. An adjusted trial balance is prepared after adjusting entries have been journalized and posted.

D. The balance sheet accounts in the adjusted trial balance have the proper financial statement amounts.

Which is the proper order of accounting cycle activities? 1 A trial balance is prepared 2 An adjusted trial balance is prepared 3 Business Transactions Occur 4 Financial Statements are prepared 5 Information from the journal is posted to the ledger 6 Journal entries are recorded in the general journal 7 Period end adjusting entries are created 8 The worksheet is completed

A. 3, 5, 6, 7, 1, 4, 8, 2

B. 1, 3, 6, 5, 4, 8, 2, 7

C. 3, 6, 5, 1, 7, 2, 8, 4

D. 1, 5, 6, 2, 7, 4, 8

Annual equipment depreciation is calculated as $2,500. What is the adjusting journal entry?

A. debit depreciation expense and credit accumulated depreciation for $5,000
B. debit depreciation expense and credit accumulated depreciation for $2,500
C. debit accumulated depreciation and credit equipment for $2,500
D. debit accumulated depreciation and credit depreciation expense for $5,000