Question

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 the general ledger, the balance of each account should agree with the balance shown on the adjusted trial balance. b. post-closing trial balance. the general journal. d. adjustments columns of the worksheet. c. a. c. a. 4. The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1-9 in the blank spaces. Prepare a trial balance. b. Journalize the transactions. Journalize and post-closing entries. d. Prepare the financial statements. Journalize and post the adjusting entries. f. Post to ledger accounts. Prepare a post-closing trial balance. h. Prepare an adjusting trial balance. i. Analyze business transaction. c. e.

Answer 1

www: Angiinos: 1. The adörestment: enteoed. In the adjustments celuwe tel. a worksheet are ºcc): Not Jörginalized ceilil after the financial statements ante prepared. So, The ansuregi is option (c) Note: The adjustment entesud in the adjustmende celumns of a worksheet oue journalised only after the financial statements are preparied 2) The information 404 prepooling a trial balang on a doksheet is ebtained from Gueneral ledgeau account SO, the einscuer is option Cb) Mole bineral ledge actount pscoulde information for pocepaoing a thical balance en the worksheet. 3) . After the adjusting endories are jawnalised and posted to the accounts in the general ledal, the balance of each account should agree the balance shown on the Adlýcusted bial balance So the answer is option (a) : esith the balance of adjusted trual balane aguee 4) steps in Peloper sequenceli-a) @_4 Prepare a trial balance Journalise the transactions Jown alise anel post- closing entries Pseepase_ffu financial statement ceath b. 2 8

lo 5 full 3 9 g. he 6 Jawnallse and post the adjusting entier post to ledger accounts Prepare a pest-clasing terial balance Pocepace an 'adjusting touial balance 11. Analyse business transactions Please upvote
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