Number in Their Proper Order the Following Steps in the Accounting

question 64

Short Answer

Number in their proper order the following steps in the accounting cycle.
____a. Frepare a trial balance.
____b. Post to the general ledger accounts.
____c. Journalize and post the closing entries.
____d. Complete an end-of-period work sheet.
____e. Prepare a post-closing trial bal ance.
____f. Journalize and post the adjusting entries.
____g. Analyze source documents.
____h. Record the adjusting entries on a work sheet.
____i. Joumalize the transactions.
____j. Prepare the financial statements.

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Definitions:

Dissolution

The process of formally ending or dissolving an entity or agreement, such as a corporation, partnership, or marriage.

Paralegal

A trained legal assistant who performs various legal tasks under the supervision of an attorney.

Corporate Securities

Financial instruments such as stocks and bonds issued by corporations to raise capital.

Professional Corporation

A type of corporate entity for which many states offer incorporation options, designed for professions where the practitioners require a license, like doctors or lawyers.