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4. The steps in the accounting process focus on analyzing and recording financial transactions and events within a company. Those steps are shown below. Using
4. The steps in the accounting process focus on analyzing and recording financial transactions and events within a company. Those steps are shown below. Using the number system of l as the first step and 4 as the last step in the process, number the steps in the correct order in which they would occur (1 thru 4). Record relevant transactions and events in a journal, Post journal information to the ledger accounts Prepare and analyze the trial balance Analyzing cach transaction 5. For each of the following (1) identify the type of account as an asset, liability, owner's capital, owner's withdrawal, revenue, or expense, and (2) identify the normal balance of the account dr or cr. Account Title Account Type Normal Balance (Debit or Credit) a. Prepaid Rent b. Accounts Receivable c. J. Jason, Withdrawal d. Accounts Payable e. Supplies f. Unearned Revenue g. Notes Payable h. Payroll Expense i. Sales Revenue j. Loan Payable
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