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Arrange the Following Steps in the Financial Reporting Process in Order

Question 92

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Arrange the following steps in the financial reporting process in order from beginning to end.
Accounting transaction occurs Prepare post-closing trial balance Prepare financial statementsPost to general ledgerJournalize and post adjusting entriesJournalize and post-closing entries Prepare adjusted trial balance Prepare unadjusted trial balance Record transaction in appropriate journal\begin{array}{|l|l|}\hline \text {Accounting transaction occurs} &\text { Prepare post-closing trial balance} \\\hline\text { Prepare financial statements} & \text {Post to general ledger} \\\hline \text {Journalize and post adjusting entries} & \text {Journalize and post-closing entries} \\\hline\text { Prepare adjusted trial balance} &\text { Prepare unadjusted trial balance} \\\hline\text { Record transaction in appropriate journal} & \\\hline\end{array}

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Step 1. Accounting transaction occurs
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