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Knowledge Check 0 1 Below are the steps in the measurement process of external transactions. Arrange them from first ( 1 ) to last (
Knowledge Check
Below are the steps in the measurement process of external transactions. Arrange them from first to last
tablePost transactions to the general ledger.Assess whether the transaction results in a debit or credit to account balances.Use source documents to identify accounts affected by an external transaction.Analyze the impact of the transaction on the accounting equation.Prepare a trial balance.Record the transaction in a journal using debits and credits.
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