The adjusted trial balance provides the primary basis for the preparation of financial statements. The adjusted trial balance provides the primary basis for the preparation of financial statements. 5) Which statement is incorrect concerning the adjusted trial balance? Which of the following statements is incorrect concerning the adjusted trial balance? The adjusted trial balance lists the account balances in order of their magnitude. The adjusted trial balance is the primary source of information needed to prepare the financial statements. (a)A debit of $105,000 for Equipment in the balance sheet column. An adjusted trial balance proves the equality of the total debit balances & total credit balances in the ledger after all adjustments are made. Which is INCORRECT concerning the adjusted trial balance: a. The adjusted trial balance provides the primary basis for the preparation of financial statements . An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. Which of the following statements is incorrect concerning the adjusted trial balance? c. The adjusted trial balance provides the primary basis for the preparation of financial statements. 3-60 Which of the following statements is incorrect concerning the adjusted trial balance? (b)A credit of $15,000 for Depreciation Expense in the income statement column. An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made . c. b. a. An adjusted trail balance eliminates the need for the preparation of financial statements. An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. 4-48 Which of the following statements is incorrect concerning the adjusted trial balance? b. An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. The adjusted trial balance provides the primary basis for the preparation of financial statements. c. The adjusted trial balance provides the primary basis for the preparation of financial statements. C) Each trial balance amount is used in preparing the financial statements. a. a. Which statement is incorrect concerning the adjusted trial balance? The purpose of an adjusted trial balance is to prove the equality of the total debit bal-ances and the total credit balances in the ledger. (a) An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the … c. b. B) An adjusted trial balance is a list of accounts and balances prepared after adjusting entries have been recorded and posted to the ledger. Which statement is incorrect concerning the adjusted trial balance? An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. Which statement is correct concerning the adjusted trial balance? a. a. The adjusted trial balance provides the primary basis for the preparation of financial statements. b. a. b. 3-60 Which of the following statements is incorrect concerning the adjusted trial balance? a. After the adjusted trial balance is completed, what amount should be shown in the financial statement columns? ) An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. b. An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. Which statement is incorrect concerning the adjusted trial balance? A) An unadjusted trial balance is a list of accounts and balances prepared before adjustments are recorded. c. The financial statements are prepared in the following order: (1) the income statement, (2) the retained earnings statement, (3) the balance sheet. 3-59 Illustration 3-25 Adjusted trial balance LO 7 60. The adjusted trial balance provides the primary basis for the preparation of financial statements… An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made. b.