Once the adjusting entries are posted, the adjusted trial balance is prepared to a. verify the correct flow of accounts into the financial statements b. verify that the net income (loss) is correct for the period c. verify that the net income correctly flows into the statement of owner's equity from the income statement d. verify that the debits and credits are in balance

d. verify that the debits and credits are in balance.

Explanation:

Option A is wrong because without adjusting entries, there is not necessary to adjust the flow of the financial statement.

Option B is wrong because, if we do not give adjusting entries, a debit and a credit entry will not come, and that cannot disturb the income statement.

Option C is wrong because whether the adjusting entries are posted or not, net income will always go to the statement of owner's equity.

The purpose of adjusting entries is to verify that the debits and credits are in balance. Therefore, option D is the answer.