Question: The eighth step in the accounting cycle is to prepare the postclosing trial balance. The postclosing trial balance is prepared to: (Check all that apply.)

The eighth step in the accounting cycle is to prepare the postclosing trial balance. The postclosing trial balance is prepared to: (Check all that apply.) Multiple select question. calculate net income confirm asset and liability accounts have zero balances prove the equality of total debits and credits confirm revenue, expense, and drawing accounts have zero balances

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