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The following are steps to the accounting cycle. Of the following, which step should be done first? Adjusting entries are journalized and posted to the
The following are steps to the accounting cycle. Of the following, which step should be done first?
Adjusting entries are journalized and posted to the ledger.
Transactions are journalized and posted to the ledger.
Closing entries are journalized and posted to the ledger.
Financial statements are prepared.
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