Which of the following depicts the proper sequence of steps in the accounting cycle?! QUESTION 24 Not yet answered Marked out of bo P Flag question Select one: a Journalize the transactions, analyze business transactions, prepare a trial balance o c b. Prepare a trial balance, prepare adjusting entries, prepare financial statements Prepare a trial balance, post to ledger accounts, post adjusting entries d. Prepare a trial balance, prepare financial statements, prepare adjusting entries QUESTION 25 After closing entries are posted, the balance in the retained earnings account in the ledger will be equal to Not yet answered Marked out of 1.00 P Flag question Select one: a Zero b. The net income for the period c. The beginning retained earnings reported on the retained earnings statement d. The amount of the retained earnings reported on the statement of financial positions