Question
Identify post-closing trial balance accounts. BE4.7 (LO 2), C The following selected accounts appear in the adjusted trial balance columns of the worksheet for
Identify post-closing trial balance accounts. BE4.7 (LO 2), C The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet Company: Accumulated Depreciation-Equipment, Depreciation Expense, Common Stock, Dividends, Service Revenue, Supplies, and Accounts Payable. Identify the accounts that would be included in a post-closing trial balance. List the required steps in the accounting cycle in sequence. BE4.8 (LO 3), K The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1-9 in the blank spaces. a. b. C. Prepare a trial balance. Journalize the transactions. Journalize and post closing entries. Prepare financial statements. Journalize and post adjusting entries. Post to ledger accounts. d. e. f. g. h. Prepare an adjusted trial balance. i. Analyze business transactions. Prepare a post-closing trial balance.
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