Show the proper chronological order of the following steps in the ...

[Cooldude101]

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]

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