After all of the closing entries have been posted, a(n)_______

Question

can be prepared.

Answer 1

After all of the closing entries have been posted, a(n) post-closing trial balance can be prepared. The post-closing trial balance is a statement that lists all the accounts and their balances after the closing entries have been made, ensuring that total debits equal total credits and confirming that the books are in balance before the start of a new accounting period.