Question: When a worksheet is completed , what blance are found in the general ledger? why must adjusting entries be journalized even though the formal statements

  1. When a worksheet is completed , what blance are found in the general ledger?
  2. why must adjusting entries be journalized even though the formal statements have alreday been prepared

4. what is the difference between tempary and permanent accounts?

6. list the four steps of closing.

7. what is the purpose of income summary and where is it located

8. how can a worksheet aid the closing proces

9. what accounts are usually listed on a post-closing trial balance.

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