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Which is the correct sequence of the following steps in the accounting cycle? Multiple Choice Prepare journal entries, analyze transactions, prepare a trial balance. Prepare
Which is the correct sequence of the following steps in the accounting cycle?
Multiple Choice
Prepare journal entries, analyze transactions, prepare a trial balance.
Prepare trial balance, prepare closing entries, and prepare financial statements.
Post adjusting journal entries, prepare financial statements, close the income statement accounts.
Close the permanent accounts, prepare financial statements, post effects to the ledger.
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