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Which of the following depicts the proper sequence of steps in the accounting cycle? Prepare a trial balance, prepare adjusting entries, prepare financial statements. Prepare

Which of the following depicts the proper sequence of steps in the accounting cycle?

Prepare a trial balance, prepare adjusting entries, prepare financial statements.

Prepare a trial balance, post to ledger accounts, post adjusting entries.

Journalize the transactions, analyze business transactions, prepare a trial balance.

Prepare a trial balance, prepare financial statements, prepare adjusting entries.

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