Mathematics, 25.03.2021 02:30 gchippewa81
Listed below, out of order are the steps in an accounting cycle.
THESE ARE THE STEPS:1. Analyze transactions from source documents2. Journalize transactions3. Post journal entries to general ledger account4. Prepare unadjusted trial balance5. Journalize adjusting entries6. Prepare adjusted trial balance7. Prepare financial statements8. Journalize closing entries9. Prepare post-closing trial balance
a) Place the numbers from the above list in the order in which the steps in the accounting cycle are performed
A. 3, 6, 2, 1, 4, 8, 5, 9,& 7
B. 2, 3, 6, 1, 4, 8, 5, 9, & 7
C. 3, 6, 2, 1,4,8,5,7,&9
D. 6, 3, 2, 1, 4, 8, 5, 9, & 7
b) Identify the steps in the accounting cycle that occur daily. A. 1, 2, 3, & 6
B. 2, 3, & 4
C. 1, 2, 3, 4,&6
D. 2, 3, & 6
Answers: 3
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Listed below, out of order are the steps in an accounting cycle.
THESE ARE THE STEPS:1. Analyze tra...
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