Why Is It Necessary to Complete an Adjusted Trial Balance?. ... you would debit salary expense for $900 and credit salaries payable for $900 to show the expense and liability you owe.

Scan the adjusted trial balance for reasonableness. After making adjusting entries to correct any misclassifications and to record basic accruals, review the adjusted trial balance to be sure it's ...

Once a book is balanced, an adjusted trial balance can be completed. This trial balance has the final balances in all the accounts, and it is used to prepare the financial statements.