168. What is an adjusted trial balance? Why is it prepared? 169. What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in...

168. What is an adjusted trial balance? Why is it prepared?

169. What is the usual order in which financial statements are prepared from the adjusted trial balance? Why are they prepared in that order?

170. What is the purpose of closing entries? Describe the closing process.