The following is a list of the eight steps in the accounting cycle.Match the numbers 1 though 8 to the events below to indicate the sequence of the accounting cycle steps.
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A.Prepare and adjusted trial balance
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B.Prepare financial statements
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C.Identify, analyze, and record events in journal
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D.Prepare post closing trial balance
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E.Make closing entries in journal and post to ledger
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_____ F.Enter adjusting entries in journal and post to ledger
_____G.Post entries from journal to ledger
_____H.Prepare trial balance
Correct Answer:
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Q1: The entry to record the full payment
Q2: For each of the following transactions indicate
Q4: For each of the following transactions indicate
Q5: Place each of the following accounting elements
Q6: Expenses are increased with _ because they
Q7: For each of the following events using
Q8: Revenues are increased with _ because they
Q9: Debit and credit mean which of the
Q10: Indicate the normal balance of the following
Q11: The entry to record a purchase of
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