Match the action to the correct corresponding step of the accounting cycle. Record transactions in journals. Analyze source documents. Take a trial balance. Analyze financial statements. Transfer journal entries to ledger. Prepare the financial statements. Match each of the options above to the items below. Separate purchasing receipts from sales documents. No answer Record financial data. No answer Post individual transactions into a single account. No answer Summarize data in the ledgers. No answer Prepare income statement. No answer Evaluate profit/loss of the firm.

Answer rating: 100% (QA)

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