The full Accounting Cycle (AC) includes a total of ten steps covered over three chapters (2,3,&4). Step 10, last step, in the accounting cycle is preparing a Post-Closing Trial Balance (PTB). You can read and study the sub-heading of "Post-Closing Trial Balance" (part of Objective 3 ) in chapter 4 to prepare for this discussion. The purpose of this discussion is to describe what is involve in preparing a PTB, share tips on how to complete this step properly, compare and contrast information included in ATB vs PTB. Initial Post Content Post a full paragraph consisting of 3 full sentences describing how to prepare a PTB. Please select two items below to guide your discussion: - Describe what is involve in completing the step. Please be as specific and detail as possible as if you were teaching a friend on how to complete the step properly. For example, start with a heading, list name of accounts in account-type order (1. Assets, 2. Liabilities, 3. Equity, 4. Revenues, and 5. Expenses). Then from the ledger after closing entries have been posted, enter each account ending debit or credit balance in the Debit or Credit column of the PTB. - If you understand the step well, please share what helps you get there or If you have difficulty understanding the step, please share what you use to overcome your initial difficulties. A recommendation which will help is to read under the heading of "PostClosing Trial Balance" in the book. - Describe similar information found in both ATB and PTB. Here are some similarities... all Trial Balance reports include a heading. have accounts listed in account-type-order, and show total debits equal to total credits. - Describe any difference you noticed between ATB and PTB. - Explain why PTB only have permanent accounts listed. The paragraph should contain at least 75 words