Question: Click and drag on elements in order Show your understanding of the steps involved in preparing financial statements by placing the following steps in the
Click and drag on elements in order
Show your understanding of the steps involved in preparing financial statements by placing the following steps in the correct order of preparation.
i Instructions
Prepare balance sheet from trial balance, pull updated capital balance.
Prepare an income statement using revenue and expense accounts from trial balance.
Prepare statement of owner's equity from trial balance; pull net income.
Prepare statement of cash flows.
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