1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Making your own decisions in a market economy also benefits the producers who make products because they __________ from your pu
Softa [21]
If this is a multiple choice question and if i get it wrong, im sorry.
I'd guess benifit? lol
7 0
3 years ago
If the contribution margin is not sufficient to cover fixed expenses:.
Elan Coil [88]

If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

<h3>What is a Contribution Margin?</h3>

The contribution margin can be expressed in gross income terms.  After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.

The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.

This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.

Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

Learn more about contribution margin here:

brainly.com/question/24881206

7 0
3 years ago
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q
Serjik [45]

Answer:

attached below

Explanation:

7 0
4 years ago
If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is a a.rate variance
kotykmax [81]

Answer:

a.rate variance

Explanation:

The labor rate variance arises when the rate is paid for the labor is different as compared with the standard rate

Also the variance could be favorable or unfavorable that based whether it is below the standard rate or higher standard rate as compared with the actual rate

hence, in the given situation, the correct answer is a. rate variance

7 0
3 years ago
What did Goodyear report for Retained earnings at December 31, 2011?
qaws [65]
<span>the answer is
$1,024 million</span>
6 0
4 years ago
Read 2 more answers
Other questions:
  • The Allowance for Bad Debts account has a credit balance of $ 3 comma 000$3,000 before the adjusting entry for bad debts expense
    10·1 answer
  • Define the term constructive receipt. Explain its importance.
    10·1 answer
  • Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe
    7·1 answer
  • At an activity level of 8,400 units in a month, Braughton Corporation’s total variable maintenance and repair cost is $697,284 a
    13·1 answer
  • Maria would like to present data about the company's product to clients. Maria should ____
    11·2 answers
  • A confidence interval, at the 95% confidence level, will be used to answer the question, "What is the mean annual salary (in US
    7·1 answer
  • When the pandemic hit, Gloria, a local restaurant owner, experienced a major disruption to her business. To remain afloat, she h
    11·1 answer
  • Arguments that are proven to be well supported with evidence are called what?
    9·1 answer
  • The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choi
    9·1 answer
  • Explain the income from business and its taxation treatment
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!