Journal Entries are used for which of the following?

A. Cash Account

B. Inventory Account

C. Equipment Account

D. All of the Above

Which of the following tools is used to show a balance between Credits and Debits in the Journal Entries?

A. Date of Transaction

B. T-Accounts

C. Balance Sheet

D. None of the Above

Adjusting Entries help accountants in which of the following situations?

A. The business was paid for a service they have not yet done.

B. Entries were falsely recorded.

C. Entries were recorded for incorrect values.

D. None of the Above