Question

The order of the steps to prepare the worksheet are: A. complete the adjustments, prepare the adjusted trial balance, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns. B. prepare the adjusted trial balance, complete the adjustments, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns. C. extend the totals to the Income Statement and Balance Sheet columns, prepare the trial balance, complete the adjustments, prepare the adjusted trial balance. D. prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.

Answer 1

Answer: D. prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.

Explanation:

You need to first prepare the trial balance and then at the year end there are certain adjustments that needs to be completed and then you prepare the adjusted trial balance after completing the adjustments and then the information that are relevant to income statement and balance sheet should go to their respective columns.