Question: List the accounting cycle steps in proper order. table [ [ Record and post adjusting entries. ] , [ Post the transaction to the
List the accounting cycle steps in proper order.
tableRecord and post adjusting entries.Post the transaction to the Taccount in the general ledger.Record the transaction.Prepare financial statements income statement, statement of stockholders' equity.balance sheet, and statement of cash flowsRecord and post closing entries.Prepare a trial balance.Analyze the impact of the transaction on the accounting equationAssess whether the transaction results in a debit or a credit to the account balance.Use source documents to identify accounts affected by exems transactions.
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