Which is the correct order of steps in the accounting cycle?

Which is the correct order of steps in the accounting cycle?

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 Which is the correct order of steps in the accounting cycle?

 




Prepare financial statements, prepare adjusting entries, prepare closing entries, prepare a post-closing trial balance.
 


Journalize and post transactions, journalize and post closing entries, journalize and post adjusting entries.
 


Post transactions, journalize transactions, prepare a trial balance, prepare financial statements.
 


Journalize and post transactions, journalize and post adjusting entries, journalize and post closing entries.
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