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2 1 points eBook Print References List the accounting cycle steps in proper order. Record and post adjusting entries. Post the transaction to the
2 1 points eBook Print References List the accounting cycle steps in proper order. Record and post adjusting entries. Post the transaction to the T-account in the general ledger. Record the transaction. Prepare financial statements (income statement, statement of stockholders' equity. balance sheet, and statement of cash flows). Record and post closing entries. Prepare a trial balance. Analyze the impact of the transaction on the accounting equation. Assess whether the transaction results in a debit or a credit to the account balance." Use source documents to identify accounts affected by external transactions. 1 2 3 4
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