Of the following steps of the accounting cycle, which step should be completed last? a.Transactions are posted to the ledger. b.An adjusted trial balance is prepared. c.An unadjusted trial balance is prepared. d.Adjusting entries are journalized and posted to the ledger.
Of the following steps of the accounting cycle, which step should be completed last? a.Transactions are posted to the ledger. b.An adjusted trial balance is prepared. c.An unadjusted trial balance is prepared. d.Adjusting entries are journalized and posted to the ledger.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter5: Closing Entries And The Post-closing Trial Balance
Section: Chapter Questions
Problem 1QY: What is the third step in the accounting cycle? Analyze source documents and record business...
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Of the following steps of the accounting cycle, which step should be completed last?
a.Transactions are posted to the ledger.
b.An adjusted trial balance is prepared.
c.An unadjusted trial balance is prepared.
d.Adjusting entries are journalized and posted to the ledger.
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