Author Question: Transactions are first recorded in the journal and then posted to the general ... (Read 64 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
Transactions are first recorded in the journal and then posted to the general ledger.

Question 2

Which of the following steps of the accounting cycle are in the correct order?
 a. prepare a trial balance, post to general ledger accounts, journalize adjusting and closing entries
   b. make adjustments, complete a work sheet, post to general ledger accounts
   c. prepare financial statements, make adjustments, prepare a trial balance
   d. prepare a trial balance, make adjustments, prepare financial statements



meganmoser117

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

Saved me massive time.

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

For a complete list of videos, visit our video library