Steps in the accounting cycle Obj. 4 Rearrange the following steps in the accounting cycle in proper
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Steps in the accounting cycle Obj. 4 Rearrange the following steps in the accounting cycle in proper sequence:
a. A post-closing trial balance is prepared.
b. Adjustment data are asssembled and analyzed.
c. Adjusting entries are journalized and posted to the ledger.
d. An adjusted trial balance is prepared.
e. An optional end-of-period spreadsheet is prepared.
f. An unadjusted trial balance is prepared.
g. Closing entries are journalized and posted to the ledger.
h. Financial statements are prepared.
i. Transactions are analyzed and recorded in the journal.
j. Transactions are posted to the ledger.
AppendixLO1
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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