Adjusting entries: O A. are needed for all balance sheet accounts. O B. are made before the financial statements can be prepared. O C. are needed because errors have been made in previous journal entries. O D. must be made on a daily basis to record supplies used during that day.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Adjusting entries:
O A. are needed for all balance sheet accounts.
B. are made before the financial statements can be prepared.
O C. are needed because errors have been made in previous journal entries.
O D. must be made on a daily basis to record supplies used during that day.
Transcribed Image Text:Adjusting entries: O A. are needed for all balance sheet accounts. B. are made before the financial statements can be prepared. O C. are needed because errors have been made in previous journal entries. O D. must be made on a daily basis to record supplies used during that day.
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