Question: Review the steps in the accounting cycle and answer the following questions: 1. What is the first step? 2. Are any steps optional? 3. Which

Review the steps in the accounting cycle and answer the following questions:
1. What is the first step?
2. Are any steps optional?
3. Which steps are completed throughout the period?
4. Which steps are completed only at the end of the period?
5. What is the last step in the accounting cycle?

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