Once the adjusting entries are posted, the adjusted trial balance is prepared to verify the correct flow of accounts into the financial statements verify that the net income correctly flows into the...

Extracted text: Once the adjusting entries are posted, the adjusted trial balance is prepared to verify the correct flow of accounts into the financial statements verify that the net income correctly flows into the statement of stockholders" equity from the income statement verify that the net income (loss) is correct for the period C verify that the debits and credits are in balance