Concept

# Problem: If Robert paid for 6 months of rent in advance on 7/1/16 for $4,800 ($800 per month). What is the next step for Robert after he finishes recording and posting adjusting entries on 12/31/16? a. Prepares the financial statements b. Closes the entries c. Prepares an unadjusted trial balance d. Prepares an adjusted trial balance

###### Problem Details

If Robert paid for 6 months of rent in advance on 7/1/16 for $4,800 ($800 per month). What is the next step for Robert after he finishes recording and posting adjusting entries on 12/31/16?

a. Prepares the financial statements

b. Closes the entries

c. Prepares an unadjusted trial balance

d. Prepares an adjusted trial balance