21. The steps of the accounting cycle are presented below. Identify the correct order of the...
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21. The steps of the accounting cycle are presented below. Identify the correct order of the steps. More Info a. Journalize and post the closing entries. b. Start with beginning account balances. c. Prepare the financial statements. d. Compute the unadjusted balance in each account, and prepare the unadjusted trial balance. e. Journalize and post adjusting entries. f. Enter the unadjusted trial balance on the worksheet, and complete the worksheet (optional). g. Prepare the adjusted trial balance. h. Analyze and journalize transactions as they occur. i. Post journal entries to the accounts. j. Prepare the post-closing trial balance. Print Done 21. The steps of the accounting cycle are presented below. Identify the correct order of the steps. More Info a. Journalize and post the closing entries. b. Start with beginning account balances. c. Prepare the financial statements. d. Compute the unadjusted balance in each account, and prepare the unadjusted trial balance. e. Journalize and post adjusting entries. f. Enter the unadjusted trial balance on the worksheet, and complete the worksheet (optional). g. Prepare the adjusted trial balance. h. Analyze and journalize transactions as they occur. i. Post journal entries to the accounts. j. Prepare the post-closing trial balance. Print Done
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Steps of accounting cycle b Start with beginning accou... View the full answer
Related Book For
Business
ISBN: 978-0324829556
10th Edition
Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor
Posted Date:
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