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fredd [130]
3 years ago
14

The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence.(a) Prepare a pos

t-closing trial balance.(b) Prepare an adjusted trial balance.(c) Analyze business transactions.(d) Prepare a trial balance.(e) Journalize the transactions.(f) Journalize and post closing entries.(g) Prepare financial statements.(h) Journalize and post adjusting entries.(i) Post to ledger accounts.
Business
1 answer:
levacccp [35]3 years ago
6 0

Answer:

a) Analyze business transactions.

b) Journalize the transactions.

c) Post to ledger accounts.

d) Prepare a trial balance.

e) Journalize and post adjusting entries.

f) Prepare an adjusted trial balance.

g) Prepare financial statements.

h) Journalize and post closing entries.

i) Prepare a post-closing trial balance.

Explanation:

The accounting cycle is sequence of procedures that involves identifying, tracking and recording business transactions culminating in the preparation of the financial statement.

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ki77a [65]

Answer:

b. $92,561

Explanation:

Face Value  = 100,000.00

Term (in years)  = 10

Total no. of interest payments  = 20

Market Rate  = 6.0%  / 2 = 3.0%

Coupon Rate  = 5.0%/2 = 2.5%

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PV of Face Value of      $100,000   0.553675754       $55,367.58

PV of Interest payment $2,500      14.87747486           <u>$37,193.69</u>

Issue Price of Bonds                                                        <u>$92,561.26</u>

3 0
3 years ago
The price elasticity of demand for soft drinks has been estimated to be 0.55. if the government enacts a major increase in the t
Artyom0805 [142]
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5 0
4 years ago
What are two ways a consumer may purchase an item on credit other than by hire purchase method?​
NemiM [27]

Answer:

A  person using a credit card. He uses the credit card to pay for goods and services, then he repays the credit card company at a future date.

One type of installment closed-end credit is a car loan. The car company offers the consumer credit to buy the car. The credit does not extend beyond the sales price of the car. In addition, the person pays the credit in installments over a period of time instead of paying it back in one lump sum.

Explanation:

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3 years ago
Can we run our business without training or not? Give reason.​
SashulF [63]

Answer:

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5 0
3 years ago
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if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effe
viva [34]

If the Fed decided that virtual money should be included in money supply, we would see a situation where both <u>M1 </u><u>and </u><u>M2 increase/ rise. </u>

M1 is:

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If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

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<em>Find out more about M1 and M2 at brainly.com/question/25458814.</em>

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