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The Following Are the Steps in the Accounting Cycle

Question 153

Essay

The following are the steps in the accounting cycle. List them in the order in which they are completed:
Prepare adjusted trial balance
Post transactions
Prepare an unadjusted trial balance
Journalize transactions
Prepare the financial statements
Close the temporary accounts
Adjust the ledger accounts
Prepare a post-closing trial balance
Analyze transactions

Correct Answer:

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1) Analyze transactions
2) Journalize tr...

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