- A schedule reconciling the sum of assets with the sum of liabilities and equities A chronological record of all transactions of a business A collection of accounts A collection of all balance sheets for a company for the past 10 years 2. Bookmark question for later What is involved in posting? Preparing a chronological record of all transactions of a business Creating a schedule reconciling the sum of assets with the sum of liabilities and equities Sorting all journal entry amounts by account and copying those amounts to the appropriate account Sifting through all transactions to identify those involving cash to be included in the statement of cash flows 3. Bookmark question for later What is a trial balance? - A schedule reconciling the sum of the revenues with the sum of expenses and dividends An initial transaction analysis performed whenever inventory is sold on credit A summary document containing assets, liabilities, and equities and comprising one of the three primary financial statement A listing of all of the ledger accounts and their balances