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tatuchka [14]
3 years ago
10

Select all that apply What is the difference between an adjusted trial balance and an unadjusted trial balance? (Check all that

apply.) Multiple select question. The adjusted trial balance is a list of accounts and their balances after adjusting entries have been posted. The unadjusted trial balance is more up to date and should be used to prepare financial statements. The adjusted trial balance is used to prepare financial statements. The adjusted trial balance generally has more accounts listed than the unadjusted trial balance.
Business
1 answer:
rodikova [14]3 years ago
4 0

Answer:

  • The adjusted trial balance is a list of accounts and their balances after adjusting entries have been posted.
  • The adjusted trial balance is used to prepare financial statements.
  • The adjusted trial balance generally has more accounts listed than the unadjusted trial balance.

Explanation:

The Adjusted Trial balance lists the accounts that the company has at their ending balances which means that adjusting entries have been posted.

As a result of the Adjusted Trial Balance having final account balances, it is used to prepare the financial statements for the company as only final balances should be used in such.

More often than not, the Adjusted trial balance will have more accounts than the unadjusted balance because in process of adjustment, more accounts may be created for transactions that were not posted properly. For instance, there might be liability accounts for expenses if the expenses were not paid in the current period.

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Identify at least one type of firm that might exhibit low correlations of returns with the overall stock market? explain why the
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3 years ago
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,
lana66690 [7]

Answer:

$793.70

Explanation:

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At introductory rate

The rate is 17.8% per year

And, in monthly, the rate would be

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Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

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= $8,050.15

The interest after 6 month is

= $8,050.15 - $8,000

= $50.15

Now for increase rate to 17.8%

The rate is 17.8% per year

And, in monthly, the rate would be

= 17.8% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,050.14 × (1 + 1.4833%)^6

= $8,793.70

The interest after 6 month is

= $8793.70 - $8,050.15

= $743.55

So, the total interest would be

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= $793.70

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3 years ago
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In this scenario Wyatt who is a slacker in the team of Nick will stand to gain more.

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Answer:

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