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30 August, 10:50

Which is the correct order of the following steps in the accounting cycle? Prepare financial statements, journalize and post adjusting entries, journalize and post the closing entries, and prepare a post-closing trial balance. Prepare an unadjusted trial balance, journalize and post adjusting entries, journalize and post the closing entries, and prepare financial statements. Prepare an unadjusted trial balance, journalize and post adjusting entries, prepare financial statements, and journalize and post the closing entries. Journalize and post adjusting entries, journalize and post the closing entries, prepare financial statements, and prepare an adjusted trial balance.

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  1. 30 August, 11:07
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    Prepare a post-closing trial balance. Step 9

    Prepare an adjusted trial balance. Step 6

    Analyze business transactions. Step 1

    Prepare a trial balance. Step 4

    Journalize the transactions. Step 2

    Journalize and post closing entries. Step 8

    Prepare financial statements. Step 7

    Journalize and post adjusting entries. Step 5

    Post to ledger accounts. Step 3
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