Final answer:
A Journal Entry is prepared to view all entries recorded in debit/credit format, showing transaction details that neither a balance sheet nor a profit and loss statement is designed to do.
Step-by-step explanation:
To view all entries recorded in debit/credit format, you prepare a Journal Entry. Options such as a balance sheet or a profit and loss statement provide different financial information. A balance sheet shows a company's financial position at a particular point in time, listing assets, liabilities, and owner's equity in a format that somewhat resembles a T-account, but is not used for individual transaction details. Profit and loss statements provide an overview of a company's revenues and expenses over a period of time, which helps in assessing the operating performance. However, the correct answer is a journal entry, which is a record of the financial transactions of a business in chronological order, displaying all debits and credits made.