During the performance of the steps in the accounting cycle, trial balances are prepared in three different steps. Using specific names where applicable, discuss the time of preparation and the purpose served by each of these trial balances.

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The Answer of During the performance of the steps in the accounting cycle, trial balances are prepared in three different steps. Using specific names where applicable, discuss the time of preparation and the purpose served by each of these trial balances.

During the Performance of the Steps in the Accounting Cycle