Homework Answers
| The two steps missing are: |
| Step 2 - Transactions are posted to the ledger. |
| Step 8 - Financial statements are prepared. |
| The steps in correct order are: | |
| 1 | Transactions are analyzed and recorded in the journal. |
| 2 | Transactions are posted to the ledger. |
| 3 | An unadjusted trial balance is prepared. |
| 4 | Adjustment data are assembled and analyzed. |
| 5 | An optional end-of-period spreadsheet is prepared. |
| 6 | Adjusting entries are journalized and posted to the ledger. |
| 7 | An adjusted trial balance is prepared. |
| 8 | Financial statements are prepared. |
| 9 | Closing entries are journalized and posted to the ledger. |
| 10 | A post-closing trial balance is prepared. |
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PE 4-5A Accounting cycle 08.4 From the following list of steps in the accounting cycle, identify...
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From the following list of steps in the accounting cycle, identify what two steps are missing:
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Which of the following steps is optional during the closing process?
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Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.
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Test Question 3 ES 2 Points In the sequence of accounting cyce steps, which step follows...
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steps are included in the photos QS 3-22 Identifying the accounting cycle LO C2 List the...
steps are included in the photos
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Arrange the series of accounting activities listed here for the accounting cycle for a service business. Indicate the sequence of the steps by entering a number from 1 to 8 to the left of each activity. (p. 228) Accounting Activity _______ A work sheet, including a trial balance, is prepared from the general ledger. _______ Transactions, from information on source documents, are recorded in a journal. _______ Source documents are checked for accuracy, and transactions are analyzed into debit and credit parts. _______ Adjusting entries...
Which of the following steps is optional during the closing process? a. Adjusting entries are journalized and posted to the ledger. b. An end-of-period spreadsheet is prepared. c. An unadjusted trial balance is prepared. d. A post-closing trial balance is prepared.
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steps are included in the photos
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