48) Show the proper chronological order of the following steps in the accounting cycle by writing 1. for the first step through 4. for the last step.
________ a. Prepare the financial statements
________ b. Record journal entries in the journal
________ c. Post the journal entries to the general ledger
________ d. Prepare a postclosing trial balance
49) Show the proper chronological order of the following steps in the accounting cycle by writing 1. for the first step through 4. for the last step.
________ a. Prepare an unadjusted trial balance
________ b. Close the temporary accounts
________ c. Prepare an adjusted trial balance
________ d. Prepare and post adjusting journal entries
50) 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