The Order of the Steps to Prepare the Worksheet Are

question 54

Multiple Choice

The order of the steps to prepare the worksheet are:

• A) prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.
• B) complete the adjustments, prepare the adjusted trial balance, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.
• C) extend the totals to the Income Statement and Balance Sheet columns, prepare the trial balance, complete the adjustments, prepare the adjusted trial balance.
• D) prepare the adjusted trial balance, complete the adjustments, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns.

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Definitions:

Raw Material

The basic material from which a product is made, often used in the context of manufacturing.

Physical Infrastructure

The physical and structural components that support an economy or organization, including roads, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications.

Transportation Networks

Systems of interconnected pathways that facilitate the movement of people, goods, and services from one location to another.

Raw Materials

Basic materials that are used in the production of goods, finished products, or intermediate materials which are feedstock for future finished products.