QS 3-20 (Algo) Identifying the accounting cycle LO P6 List the following steps of the accounting...
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QS 3-20 (Algo) Identifying the accounting cycle LO P6 List the following steps of the accounting cycle in their proper order. Steps 1. Journalize and post journal entries to close temporary accounts. 2. Record adjustments to bring account balances up to date. 3. 4. Summarize adjusted ledger accounts and amounts in an adjusted trial balance. Analyzing business events and transactions. 5. Summarize unadjusted ledger accounts and amounts in an unadjusted trial balance. 6. Posting the debits and credits from the journal in the ledger. 7. 8. Create the post-closing trial balance. Journalizing business events and transactions. 9. Use the adjusted trial balance to prepare financial statements. Order QS 3-20 (Algo) Identifying the accounting cycle LO P6 List the following steps of the accounting cycle in their proper order. Steps 1. Journalize and post journal entries to close temporary accounts. 2. Record adjustments to bring account balances up to date. 3. 4. Summarize adjusted ledger accounts and amounts in an adjusted trial balance. Analyzing business events and transactions. 5. Summarize unadjusted ledger accounts and amounts in an unadjusted trial balance. 6. Posting the debits and credits from the journal in the ledger. 7. 8. Create the post-closing trial balance. Journalizing business events and transactions. 9. Use the adjusted trial balance to prepare financial statements. Order
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