When is the adjusted trial balance prepared?

A) before adjusting journal entries are posted
B) after adjusting journal entries are posted
C) after the adjusting journal entries are journalized
D) before the adjusting journal entries are journalized

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and estimated items.

Adjusting Journal Entries

Entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Journalized

Journalized refers to the process of recording financial transactions in a journal or ledger in the chronological order that they occur.