Which of the Following Is the LAST Step of Preparing

question 55

Multiple Choice

Which of the following is the LAST step of preparing the worksheet?

• A)Enter the adjusting entries in the adjustments columns,and total the amounts.
• B)On the Income statement column,calculate profit.Enter profit or loss as the balancing amount on the Income statement and balance sheet columns.Total the Income statement and balance sheet columns.
• C)Copy the asset,liability and owners' equity amounts from the adjusted trial balance to the balance sheet columns.Copy the revenue and expense amounts to the Income statement columns.Total each column.
• D)Calculate each account's adjusted balance by combining the trial balance and adjustment figures.Enter each account's adjusted amount in the adjusted trial balance columns.

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Definitions:

Daughters of the American Revolution

A lineage-based membership service organization for women who are direct descendants of a person involved in the United States' efforts towards independence.

African-Americans Vote

refers to the enfranchisement and participation of African-American citizens in the electoral process, a right fully secured with the Voting Rights Act of 1965.

Democratic

Pertaining to or characterized by principles of democracy, where the power is vested in the people who rule either directly or through freely elected representatives.

Republican

Pertaining to a supporter or member of the Republican Party in the United States, one of the two major political parties, typically associated with conservative political policies.