Question

the final step is to determine the current balance of an account.
the final step is to determine the correct balance of an account.
the final step is to create an adjusting journal entry to get from step 1 to step 2.
the final step is to post to a trial balance so financial statements can be prepared.
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Explanation:

In the accounting adjustment process, after identifying the current (unadjusted) account balance and the correct (adjusted) required balance, the final step is to prepare an adjusting journal entry that records the difference to update the account from its initial balance to the proper adjusted balance. The other options describe earlier steps or subsequent post-adjustment processes.

Answer:

C. The final step is to create an adjusting journal entry to get from step 1 to step 2.