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Part 1: List the following steps of the accounting cycle in their proper order Analyzing business transactions. Collecting and verifying source documents. Completing a worksheet.

Part 1: List the following steps of the accounting cycle in their proper order

  1. Analyzing business transactions.
  2. Collecting and verifying source documents.
  3. Completing a worksheet.
  4. Journalizing business transactions.
  5. Journalizing and posting adjusting entries.
  6. Journalizing and posting closing entries.
  7. Posting journal entries to ledgers.
  8. Preparing financial statements.
  9. Preparing a post-closing trial balance.
  10. Preparing a trial balance.

Part 2: Displayed below is the Income Statement section of Info Software

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