The Following Steps in the Accounting Cycle Are Presented Out

question 131

Essay

The following steps in the accounting cycle are presented out of order below.Arrange the steps in proper order by placing a number from 1 through 5 in the blanks provided.Also identify each step as either a recurring activity (RA)-one that would be repeated during the fiscal period-or an end-of-period activity (EOP)-one performed at the end of the accounting period.
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a. Record entries in a journal.
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b. Adjust the accounts and prepare an adjusted trial balance.
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c. Close the accounts and prepare a post-closing trial balance.
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d. Analyze business transactions from source documents.
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e. Post entries to the ledger and prepare a trial balance.

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Definitions:

Sufficiency Revolution

A paradigm shift towards valuing enough over excess, emphasizing sustainable living and resource use.

Energy Conservation

The practice of reducing the consumption of energy resources by using less of an energy service.

Environmental Literacy

The understanding of environmental concepts, issues, and data to make informed decisions regarding the environment.

Ecosystem Connections

Describes the interdependencies between living organisms, including plants, animals, and microbes, and their physical environment.