Which of the statements below is NOT true? An adjusted trial balance proves the mathematical equality of debits and credits in the ledger. An adjusted trial balance is prepared before all transactions have been journalized. An adjusted trial balance can be used to prepare financial statements. An adjusted trial balance should show ledger account balances.

B) A furniture factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. According to the expense recognition criteria the overtime wages should be expensed in March. either in February or March depending on when the pay period ends. February. the period when the workers receive their cheques.