Put the Following Statements in the Correct Order Based on the Steps

question 31

Short Answer

Put the following statements in the correct order based on the steps in the accounting cycle.
a.Assemble AIS outputs.
b.Debit cash and credit sales.
c.Determine the correct way to enter a transaction in the AIS.
d.Examine a bank statement to determine the amount of a bank service charge.
e.Make entries that account for timing differences between cash flows and accrual basis revenue and expense.
f.Prepare the AIS for a new fiscal year.
g.Reorganize AIS information from chronological to account-based.
h.Verify, for the first time, the equality of debits and credits in the ledger.
i.Verify, for the second time, the equality of debits and credits in the ledger.
j.Verify, for the third time, the equality of debits and credits in the ledger.

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Definitions:

Collective Bargaining

The process whereby workers organize collectively and bargain with employers regarding the conditions of employment.

At-Will Employee

An employee who can be dismissed by an employer for any reason (that is not illegal) and without warning, as long as the reason is not illegal and does not contravene public policy.

Hostile Work Environment

A workplace characterized by severe or pervasive harassment that creates an intimidating, offensive, or abusive atmosphere for employees.

Harassment

Behavior intended to disturb or upset that is repeated and unwanted, often creating a hostile or intimidating environment.