49-50,35,21

49. Which of the following steps in the accounting cycle usually occurs only at the end of a company's annual accounting period? A) Step 9: Prepare a post-closing trial balance. B) Step 3: Post to the ledger accounts. C) Step 7: Prepare financial statements D) Step 6: Prepare adjusting trial balance. 50. The usual sequence of steps in the recording process is to A) analyze each transaction, enter the transaction in the book of accounts, and transfer B) analyze each transaction, enter the transaction in the book of original entry, and C) analyze each transaction, enter the transaction in the ledger, and transfer the the information to the journal. transfer the information to the journal information to the journal. analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts. D) en using the periodic system the physical inventory count is used to determine A) both the cost of the goods sold and the cost of ending inventory. B) only the cost of merchandise sold during the period. 35. Wh C) both the cost of the goods in ending inventory and the sales value of goods sold D) only the sales value of goods in the ending inventory. during the period. 21. A trial balance is a listing of A) general ledger accounts and balances. B) transactions in a journal. C) the totals from the journal pages. D) the chart of accounts