Question
Asked Feb 21, 2020
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The required steps in the accounting cycle are listed in random order below.
List the steps in proper sequence.
(a)
Prepare a post-closing trial balance.
(b)
Prepare an adjusted trial balance.
(c)
Analyze business transactions.
(d)
Prepare a trial balance.
(e)
Journalize the transactions.
(f)
Journalize and post closing entries.
(g)
Prepare financial statements.
(h)
Journalize and post adjusting entries.
(i)
Post to ledger accounts.
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The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence. (a) Prepare a post-closing trial balance. (b) Prepare an adjusted trial balance. (c) Analyze business transactions. (d) Prepare a trial balance. (e) Journalize the transactions. (f) Journalize and post closing entries. (g) Prepare financial statements. (h) Journalize and post adjusting entries. (i) Post to ledger accounts.

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Accounting Cycle: Accounting cycle refers to the process of recording a business transaction in the books of accounts. This cycle begins with ...

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