Question

Just prior to completing the adjusted trial balance, Paula prepared the __________ section. After she finishes the adjusted trial balance, she will complete the __________ section of the worksheet.

Answer 1

Answer:

Just prior to completing the adjusted trial balance, Paula prepared the Adjusting entries section. After she finishes the adjusted trial balance, she will complete the financial statement section of the worksheet.

Explanation:

Starting from the two first column of the unadjusted trial balance The accountant will prepare and complete the adjusting entries section. After that, the combination of the unadjusted TB and the adjusting entries will give the adjusted trial balance.  After that, the account balance is distributed according to the financial statement --> Balance sheet and income statement.