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Exam (elaborations)

ACCT 2101 Exam 1 questions n answers rated A+

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ACCT 2101 Exam 1 questions n answers rated A+

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ACCT 2101








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ACCT 2101 Exam 1 questions n
answers rated A+

Step 1. - ANS ✔✔recognize, measure transaction



Step 2. - ANS ✔✔Journalize transactions



Step 3. - ANS ✔✔Post transaction to a general ledger



Step 4. - ANS ✔✔Prepare an unadjusted trial balance



Step 5. - ANS ✔✔Journalize and post adjusting entries



Step 6. - ANS ✔✔Prepare an adjusted trial balance



Step 7. - ANS ✔✔Prepare financial statements



Step 8. - ANS ✔✔Journalize and post closing entries for the temporary accounts



Step 9. - ANS ✔✔Prepare a post-closing trial balance
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