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Brief Exercis 2-1 List steps in the measurement process (LO2-1) Below are the steps in the measurement process of external transactions. Rank them from
Brief Exercis 2-1 List steps in the measurement process (LO2-1) Below are the steps in the measurement process of external transactions. Rank them from first (1) to last (6) by choosing the appropriate numbers in the drop down box. a. Post the transaction to the T-accounts in the general ledger. b. Assess whether the impact of the transaction results in a debit or credit to account balance. C. Use source documents to identify accounts affected by an external transaction. d. Analyze the impact of the transaction on the accounting equation. e. Prepare a trial balance. f. Record transaction using debits and credits.
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