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The Following Are the Steps in the Accounting Cycle

question 102

Essay

The following are the steps in the accounting cycle. List them in the order in which they are completed:
Prepare adjusted trial balance
Post transactions
Prepare an unadjusted trial balance
Journalize transactions
Prepare the financial statements
Close the temporary accounts
Adjust the ledger accounts
Prepare a post-closing trial balance
Analyze transactions


Definitions:

China

A country in East Asia, the world's most populous nation, with a significant impact on global economy and geopolitics.

Japan

An island country in East Asia, known for its rich culture, technological advancements, and strong economy.

American Producers

Businesses or individuals in the United States that create or provide goods and services.

Oil Imports

The purchase of petroleum from foreign countries, essential for economies that consume more oil than they produce domestically.

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