Why is the retained earnings balance on the unadjusted trial balance the same amount that appears on

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Why is the retained earnings balance on the unadjusted trial balance the same amount that appears on the adjusted trial balance? Why is the retained earnings balance on an adjusted trial balance different from the amount that appears on the post-closing trial balance?

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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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