Ask Question
BusinessBusiness
8 February, 21:52

Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are analyzed and recorded in the journal. Transactions are posted to the ledger. An unadjusted trial balance is prepared. An optional end-of-period spreadsheet is prepared. Adjusting entries are journalized and posted to the ledger. An adjusted trial balance is prepared. Financial statements are prepared. A post-closing trial balance is prepared. Select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

+5
Answers (2)
  1. 8 February, 22:06
    0
    Accounting cycle

    1⇒2⇒3⇒4⇒5⇒6⇒7⇒8⇒9⇒10

    Explanation:

    1. Transaction are analyzed.

    2. Journalized and posted to ledger

    3. un-adjusted trial balance

    5. Adjusting entries are journalized and posted to ledger

    6. Adjusted trial balance is prepared.

    7. Post closing trial balance is prepared.

    8. Income Statements are prepared

    9. Balance sheet is prepared.

    10. Cash flow statement is prepared.

    11. Notes to the financial statement is prepared.
  2. 9 February, 00:10
    0
    1. Transactions are analyzed and recorded in the journal.

    2. Transactions are posted to the ledger.

    3. An unadjusted trial balance is prepared.

    4. An optional end-of-period spreadsheet is prepared.

    5. Adjusting entries are journalized and posted to the ledger.

    6. An adjusted trial balance is prepared.

    7. Record adjusting Entries

    8. Financial statements are prepared.

    9. Closing Entries

    10. A post-closing trial balance is prepared.

    Explanation:

    Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing:

    1. Transactions are analyzed and recorded in the journal.

    2. Transactions are posted to the ledger.

    3. An unadjusted trial balance is prepared.

    4. An optional end-of-period spreadsheet is prepared.

    5. Adjusting entries are journalized and posted to the ledger.

    6. An adjusted trial balance is prepared.

    7. Record adjusting Entries

    8. Financial statements are prepared.

    9. Closing Entries

    10. A post-closing trial balance is prepared.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are analyzed ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Recall the components of internal control. identify the internal control weakness in this situation, and propose a way to correct it. the internal control weakness is that the ▼ controller compares the deposit slip to the amount posted.
Answers (1)
Which of the following statements regarding special journals is not true? a. Special journals provide a specialized format for recording similar transactions. b. Special journals are periodically summarized and posted to the general ledger. c.
Answers (1)
Which accounts are affected in the closing process under a perpetual inventory system?
Answers (1)
A customer of Landen Consulting Company makes a $400 payment of cash on a bill for services provided last month. Record this transaction into the accounting equation of Landen Consulting by: (Check all that apply.)
Answers (1)
Following is information from Pinto Corporation for 2017. Total 2017 revenue $1,033,290 Total revenue growth rate 4% Terminal revenue growth rate 1% Net operating profit margin (NOPM) 5.3% Net operating asset turnover (NOAT) 2.
Answers (1)
New Questions in Business
According to the case, the digital tabloid market is at which stage of the product life cycle?
Answers (1)
Which tab in the Group Policy Results window shows all events in Event Viewer that are generated by group policies, and can be used to view the relevant information on a remote computer?
Answers (1)
The Backwoods American company operates a telephone order system for a catalogue of its outdoor clothing prod- ucts. The catalogue orders are processed in three stages.
Answers (1)
Using notes outside of given key to produce heightened color is referred to as A. Orchestration B. Chromatisicm C. pallete work D. Tonality
Answers (2)
Which of the following are not excludable as an employee fringe benefit? a. Public transportation costs of $130 per month provided by the employer b. Employee deductions of $4,200 for dependent childcare expenses c.
Answers (2)
Home » Business » Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are analyzed and recorded in the journal. Transactions are posted to the ledger. An unadjusted trial balance is prepared.
Sign Up Forgot Password?