After transactions are recorded in the general journal, the next step in the accounting cycle is to ________.
A) prepare adjusting journal entries
B) prepare an adjusted trial balance
C) prepare financial statements
D) post journal entries to the general ledger

Question

Quizplus · Accepted Answer

After transactions are recorded in the general journal, the next step is to post these journal entries to the general ledger, where each account's transactions are summarized.

After Transactions Are Recorded in the General Journal, the Next