Question

current attempt in progress
adjusting entries are
usually required before financial statements are prepared.
made to balance sheet accounts only.
made whenever management desires to change an account balance.
not necessary if the accounting system is operating properly.

Explanation:

Adjusting entries are accounting entries made at the end of an accounting period to update accounts and ensure financial statements are accurate. They are usually required before preparing financial statements to recognize revenues and expenses that have been earned or incurred but not yet recorded. The other options are incorrect: adjusting entries affect both balance sheet and income statement accounts, they are not made arbitrarily by management, and they are necessary even with a proper accounting system to match revenues and expenses.

Answer:

A. usually required before financial statements are prepared.