Question
Which of the following statements is correct regarding a work sheet and the adjustment process? Adjusting journal entries are prepared from the Adjusted Trial Balance
Which of the following statements is correct regarding a work sheet and the adjustment process?
Adjusting journal entries are prepared from the Adjusted Trial Balance columns.
Adjusting journal entries are journalized in the work sheet.
After keying adjustments in the work sheet, it is not necessary to journalize the adjustments in a journal.
Adjusting journal entries are prepared from the Adjustments columns of a work sheet.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
