The accounting cycle is a series of certain steps that businesses, such as corporations, perform in...

 

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The accounting cycle is a series of certain steps that businesses, such as corporations, perform in sequence and repeat in each accounting period. Although steps may be missing among the options listed below, which of the following lists steps of the accounting cycle in their correct order? Post the transactions, prepare a post-closing trial balance, and journalize and post the adjusting entries. Post the closing entries, prepare the adjusted trial balance, and prepare the financial statements, Journalize the transactions, journalize the adjusting entries, and prepare a post-closing trial balance. Prepare the financial statements, prepare the trial balance, and post the closing entries. Post the transactions, post the closing entries, and prepare the adjusted trial balance. The accounting cycle is a series of certain steps that businesses, such as corporations, perform in sequence and repeat in each accounting period. Although steps may be missing among the options listed below, which of the following lists steps of the accounting cycle in their correct order? Post the transactions, prepare a post-closing trial balance, and journalize and post the adjusting entries. Post the closing entries, prepare the adjusted trial balance, and prepare the financial statements, Journalize the transactions, journalize the adjusting entries, and prepare a post-closing trial balance. Prepare the financial statements, prepare the trial balance, and post the closing entries. Post the transactions, post the closing entries, and prepare the adjusted trial balance.

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Answer is 3rd option The following is the correct sequence of activities... View the full answer