Final answer:
The question refers to a partial adjusted trial balance for Windsor, Inc. as of December 31, 2017, which is a summary of account balances after adjustments, key to preparing accurate financial statements.
Step-by-step explanation:
The student is asking about a partial adjusted trial balance for Windsor, Inc. as of December 31, 2017. An adjusted trial balance is a listing of the ending balances in all accounts after adjusting entries are made for accruals, deferrals, and other adjustments. This is usually the last step before preparing the financial statements. In creating the adjusted trial balance, the company is ensuring that the accounting entries follow the double-entry accounting system where total debits equal total credits. For example, if Windsor, Inc. had prepayments for insurance, an adjusting entry would have been made to reflect the insurance expense incurred during the period. This would involve debiting the insurance expense and crediting the prepaid insurance account accordingly.
It's important to understand that the adjusted trial balance includes all the balances after considering adjustments but before closing entries and the preparation of final financial statements like the balance sheet, income statement, and cash flow statement.