Arrange the following steps in the accounting cycle in proper P.0.1 sequence. a. Prepare a trial balance
Question:
Arrange the following steps in the accounting cycle in proper P.0.1 sequence.
a. Prepare a trial balance on the first two columns of the work sheet. Steps in the accounting cycle.
b. Post journal entries to accounts in the ledger.
c. Journalize and post adjusting entries.
d. Analyze source documents and record business transactions in a journal.
e. Prepare financial statements.
f. Gather adjusting data and record entries on a work sheet.
g. Journalize and post closing entries.
h. Prepare a post-closing trial balance.
i. Complete the work sheet.
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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