Steps in the Accounting Cycle Include (1)prepare Financial Statements, (2)post

question 114

Multiple Choice

Steps in the accounting cycle include (1) prepare financial statements, (2) post each journal entry to the appropriate ledger account,and (3) journalize transactions.Which of the following reflects the correct order of these steps?

• A)(1), (2), (3).
• B)(3), (2), (1).
• C)(2), (1), (3).
• D)(3), (1), (2).