1. The first step of the accounting cycle is to a. post transactions to the ledger....
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1. The first step of the accounting cycle is to a. post transactions to the ledger. b. prepare an unadjusted trial balance. c. assemble and analyze adjustment data. d. analyze transactions and record them in the journal. 2. The last step of the accounting cycle is to a. prepare a post-closing trial balance. b. prepare an adjusted trial balance. c. prepare financial statements. d. journalize the post-closing entries. 1. The first step of the accounting cycle is to a. post transactions to the ledger. b. prepare an unadjusted trial balance. c. assemble and analyze adjustment data. d. analyze transactions and record them in the journal. 2. The last step of the accounting cycle is to a. prepare a post-closing trial balance. b. prepare an adjusted trial balance. c. prepare financial statements. d. journalize the post-closing entries.
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ANSWER 1 D Analyze transactions and record them in the journal Identifying an economic event or transaction is the first phase of the accounting cycle ... View the full answer
Related Book For
Introduction to Financial Accounting
ISBN: 9781517089719
2nd edition
Authors: Henry Dauderis, David Annand
Posted Date:
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