« previous next »

Author Question: Show the proper chronological order of the following steps in the accounting cycle by writing 1. for ... (Read 35 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 5, 2018
Show the proper chronological order of the following steps in the accounting cycle by writing 1. for the first step through 8. for the last step.
 
  ________ a. Prepare the financial statements
  ________ b. Prepare an unadjusted trial balance
  ________ c. Record journal entries in the journal
  ________ d. Close the temporary accounts
  ________ e. Post the journal entries to the general ledger
  ________ f. Prepare an adjusted trial balance
  ________ g. Prepare a postclosing trial balance
  ________ h. Prepare and post adjusting journal entries

Question 2

The ratio of sales to assets measures how effectively a business is using its assets to generate sales.
 a. True
  b. False
 
   Indicate whether the statement is true or false


maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 5, 2018
Answer to Question 1

a. 6,
b. 3,
c. 1,
d. 7,
e. 2,
f. 5,
g. 8,
h. 4

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

The Enzyme Cycle The Enzyme Cycle
Gymnosperm life cycle Gymnosperm life cycle
OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
Typical life cycle of the tick family. Typical life cycle of the tick family.
Soil is a crucial part of the nitrogen cycle Soil is a crucial part of the nitrogen cycle
Steps in the processing and splicing of mRNA Steps in the processing and splicing of mRNA
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library