Homework Answers
Answer: Prepare the financial statements
Preparing a financial statement is the last step in the accounting cycle before the cycle starts over in a new period. After the accounts have been adjusted and closed, the financial statements are compiled.
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After the worksheet has been completed, the next step in the accounting cycle is to: Multiple...
Identify the item below that is NOT one of the steps in an accounting cycle. Multiple...
Identify the item below that is NOT one of the steps in an accounting cycle. Multiple Choice prepare the financial statements. prepare the post-closing trial balance. journalize and post the adjusting entries. prepare invoices for customers.
a. c. a. 1. The adjustments entered in the adjustments columns of a worksheet are not...
a. c. a. 1. The adjustments entered in the adjustments columns of a worksheet are not journalized. b. posted to the ledger but not journalized. not journalized until after the financial statements are prepared. d. journalized before the worksheet is completed. 2. The information for preparing a trial balance on a worksheet is obtained from financial statements. b. general ledger accounts. general journal entries. d. business documents. 3. After the adjusting entries are journalized and posted to the accounts in...
Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.
Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.1. Prepare the unadjusted trial balance.2. Post journal entries to general ledger accounts.3. Analyze transactions from source documents.4. Journalize and post adjusting entries.5. Prepare the financial statements.6. Record transactions in a journal.7. Prepare the post-closing trial balance.8. Prepare the adjusted trial balance.9. Journalize and post closing entries.(a) Place the numbers from the above list in the order in which the steps in the accounting...
1) Which is the correct order of the steps in the accounting cycle at the end...
1) Which is the correct order of the steps in the accounting cycle at the end of the accounting period? a) Journalise and post adjustments, journalise and post the closing entries, prepare financial statements & prepare a trial balance. b) Journalise and post the closing entries, prepare a trial balance, journalise and post adjustments & prepare financial statements. c) Prepare financial statements, Journalise and post adjustments, journalise and post the closing entries & prepare a trial balance. d) Prepare a...
Which of the following steps of the accounting cycle are in the correct order? a.prepare a...
Which of the following steps of the accounting cycle are in the correct order? a.prepare a trial balance, make adjustments, prepare financial statements b.prepare a trial balance, post to general ledger accounts, journalize adjusting and closing entries c.prepare financial statements, make adjustments, prepare a trial balance d.make adjustments, complete a work sheet, post to general ledger accounts
A trial balance prepared after the adjusting and closing entries have been posted, and which is...
A trial balance prepared after the adjusting and closing entries have been posted, and which is the final step in the accounting cycle, is an Multiple Choice Book of final entry O Agusted trial balance O Work sheet o Unadjusted trial balance O Post-dosing ulat balance
#1 Emma Harlukowicz: Attempt 2 Question 29 (0.75 points) Place the steps of the accounting cycle...
#1 Emma Harlukowicz: Attempt 2 Question 29 (0.75 points) Place the steps of the accounting cycle in the proper order. Post journal entries to T accounts Prepare post-closing trial balance < Post closing entries to T accounts Prepare closing entries Prepare adjusted trial balance Prepare financial statements < Prepare journal entries > Prepare trial balance > Post adjusting journal entries to T accounts Prepare adjusting journal entries Previous Page Next Page Page BI DULTS
Number or Initials COUNTING CYCLE cci the exhibit below to properly show the Accounting Cycle The...
Number or Initials COUNTING CYCLE cci the exhibit below to properly show the Accounting Cycle The Recording Process Transaction Analysis Journalize Post e the following labels: (6 pts) ancial Statements justments Unadjusted Trial Balance Adjusted Trial Balance Closing Entries Post-closing Trial Balance 6/
The following are all the steps in the accounting cycle. Number each step in the order...
The following are all the steps in the accounting cycle. Number each step in the order in which they should be done. Please write your answer in the space provided. - Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (work sheet) is prepared. - A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. - Adjustment data...
Of the following steps of the accounting cycle, which step should be completed last?
Of the following steps of the accounting cycle, which step should be completed last? a. Closing entries are journalized and posted to the ledger. b. Financial statements are prepared. c. Transactions are posted to the ledger. d. Adjusting entries are journalized and posted to the ledger.
Identify the item below that is NOT one of the steps in an accounting cycle. Multiple Choice prepare the financial statements. prepare the post-closing trial balance. journalize and post the adjusting entries. prepare invoices for customers.
a. c. a. 1. The adjustments entered in the adjustments columns of a worksheet are not journalized. b. posted to the ledger but not journalized. not journalized until after the financial statements are prepared. d. journalized before the worksheet is completed. 2. The information for preparing a trial balance on a worksheet is obtained from financial statements. b. general ledger accounts. general journal entries. d. business documents. 3. After the adjusting entries are journalized and posted to the accounts in...
A trial balance prepared after the adjusting and closing entries have been posted, and which is the final step in the accounting cycle, is an Multiple Choice Book of final entry O Agusted trial balance O Work sheet o Unadjusted trial balance O Post-dosing ulat balance
#1 Emma Harlukowicz: Attempt 2 Question 29 (0.75 points) Place the steps of the accounting cycle in the proper order. Post journal entries to T accounts Prepare post-closing trial balance < Post closing entries to T accounts Prepare closing entries Prepare adjusted trial balance Prepare financial statements < Prepare journal entries > Prepare trial balance > Post adjusting journal entries to T accounts Prepare adjusting journal entries Previous Page Next Page Page BI DULTS
Number or Initials COUNTING CYCLE cci the exhibit below to properly show the Accounting Cycle The Recording Process Transaction Analysis Journalize Post e the following labels: (6 pts) ancial Statements justments Unadjusted Trial Balance Adjusted Trial Balance Closing Entries Post-closing Trial Balance 6/
Of the following steps of the accounting cycle, which step should be completed last? a. Closing entries are journalized and posted to the ledger. b. Financial statements are prepared. c. Transactions are posted to the ledger. d. Adjusting entries are journalized and posted to the ledger.
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