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School
University of Texas, Dallas **We aren't endorsed by this school
Course
ACCT 2301
Subject
Accounting
Date
Oct 21, 2023
Pages
1
Uploaded by Alex2122 on coursehero.com
List the accounting cycle steps in proper order. & Answer is complete and correct. Record and post adjusting entries. Post the transaction to the T-account in the general ledger. Record the transaction. Prepare financial statements (income statement, statement of stockholders' equity, balance sheet, and statement of cash flows). Record and post closing entries. Prepare a trial balance. Analyze the impact of the transaction on the accounting equation. Assess whether the transaction results in a debit or a credit to the account balance. Use source documents to identify accounts affected by external transactions. | WINO | ©| 00000 O 000
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