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Indicate during which step of the accounting cycle each item would appear. (Step 1: Analyze Business Transactions. Step 5: Adjusting Entries and Adjusted Trial Balanc
Indicate during which step of the accounting cycle each item would appear. (Step 1: Analyze Business Transactions. Step 5: Adjusting Entries and Adjusted Trial Balanc Step 7: Closing Entries and Post-Closing Trial Balance) A. Ensure temporary accounts have zero balances Step 1 Step 5 Step 7 B. Examine a purchase order Step 1 Step 5 Step 7 C. Run a trial balance with only account balances used in the balance sheet Step 1 Step 5 Step 7 D. At period-end, conform to the accrual basis of accounting Step 1 Step 5 Step 7 E. Record transactions for activities not yet in the books Step 1 Step 5 Step 7 F. Determine, prior to period end, accounts impacted by a transaction Step 1 Step 5 Step 7
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