Indicate the proper sequence of the steps in the accounting cycle by placing numbers 1-8 in the blank spaces. 
Correct Answer:
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Q168: The adjusted account balances of the Wellness
Q170: A permanent account that is part of
Q171: Temporary accounts include _ _ accounts and
Q172: If a purchase of supplies was incorrectly
Q203: The account balances appearing in the adjusted
Q209: The first step in preparing a worksheet
Q211: The Owner's Drawings account is closed to
Q212: Prepare the necessary correcting entry for each
Q213: The process of transferring net income (or
Q227: After all closing entries have been journalized
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