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What is the proper arrangement of the following steps in the accounting cycle? (Arrange it properly) I.Preparing the adjusting entries II.Closing the books III.Posting IV.Preparing

  1. What is the proper arrangement of the following steps in the accounting cycle? (Arrange it properly)

I.Preparing the adjusting entries

II.Closing the books

III.Posting

IV.Preparing the reversing entries

V.Preparing the financial statements (worksheet preparation)

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