The following are some of the steps in the accounting cycle. Which of the following...
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Accounting
The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order?
A) Financial statements are prepared.
B) An unadjusted trial balance is prepared.
C) Closing entries are journalized and posted to the ledger.
Options:
a.E, A, D, B, C
b.C, B, A, E, D
c.A, D, E, B, C
d.D, B, A, C, E
D) Journalized business transactions are posted to the ledger.
E) A post-closing trial balance is prepared.
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