Author Question: Which of the accounting steps in the accounting process below would be completed last? a. preparing ... (Read 89 times)

cookcarl · **on:** Jul 5, 2018

Which of the accounting steps in the accounting process below would be completed last?
a. preparing the adjusted trial balance
b. posting
c. preparing the financial statements
d. journalizing

Question 2

A government has 3,000,000 of 6, 10-year general obligation bonds outstanding. The bonds were issued on November 1, 20X8 to finance construction of a general capital asset. Interest is payable semiannually on October 31 and April 30 .

What amount of debt service expenditures should the government report for the year ended December 31, 20X8?
A. 0.
B. 30,000.
C. 90,000.
D. 180,000.