Which of the following is not a step in processing accounting transactions?

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Preparing financial operating budgets

Preparing purchase requisitions

Preparing the trial balance

Identifying source documents

Negotiating sales contracts

Recording transactions in the journal

From the following list, identify those that are likely to serve as source documents.

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Telephone bill

Trial balance

Income statement

Sales ticket

Invoice from supplier

Balance sheet

Company revenue account

Bank statement

Prepaid insurance