Question: After carefully reviewing all source documents, and preparing the required journal entries, Pat posted the entries to the general ledger accounts and then journalizes and
After carefully reviewing all source documents, and preparing the required journal entries, Pat posted the entries to the general ledger accounts and then journalizes and posts adjusting entries. Pat has overlooked which of the following accounting cycle steps?
preparation of an unadjusted trial balance
preparation of a statement of financial position
preparation of an income statement
posting of closing entries
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