Question

The following contains the various steps of the financial reporting process.  Arrange them in proper order and indicate whether each step is a function of the TPS, GLS pr FRS.,

*Record transaction in special journal.

*Make adjusting entries.

*Capture the transaction.

*Prepare the postclosing trial balance.

*Prepare the adjusted trial balance.

*Prepare the sales invoices.

*Prepare the financial statements.

*Journalize and post the adjusting entries.

*Post to the subsidiary ledger.

*Post to the general ledger.

*Issue Official Receipts.

*Journalize and post the closing entries.

*Prepare the unadjusted trial balance.

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