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snow_lady [41]
3 years ago
12

The following are all the steps in the accounting cycle. List them in the order in which they should be done. - Closing entries

are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (work sheet) is prepared. - A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. - Adjustment data are assembled and analyzed. - Financial statements are prepared. - An adjusted trial balance is prepared. - Transactions are posted to the ledger.
Business
1 answer:
AlexFokin [52]3 years ago
3 0

Answer:

Answered

Explanation:

The order of steps in the accounting cycle.

1 Transactions are analyzed and recorded in the journal.  

2 Transactions are posted to the ledger.  

3 An unadjusted trial balance is prepared.  

4 Adjustment data are assembled and analyzed.  

5 An optional end-of-period spreadsheet (work sheet) is prepared.  

6 Adjusting entries are journalized and posted to the ledger.  

7 An adjusted trial balance is prepared.  

8 Financial statements are prepared.  

9 Closing entries are journalized and posted to the ledger.  

10 A post-closing trial balance is prepared.

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You can't tell the difference between a legit article and an ad

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3 years ago
Hooper Printing, Inc. has a bond issue outstanding with 14 years left to maturity. The bond issue has a 7% annual coupon rate an
lord [1]

Answer:

9.35%

Explanation:

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True or False: A price ceiling below $25 per box is not a binding price ceiling in this market. True False Because it takes many
jeyben [28]

Answer:

1. False

2. Shortage; Larger

Explanation:

1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.

2<em>. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a </em><em><u>shortage</u></em><em> that is </em><em><u>larger</u></em><em> in the long run than in the short run.</em>

In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.

This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.

7 0
3 years ago
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Aliun [14]

To create market stability.

6 0
3 years ago
What side of the manufacturing overhead account is actual manufacturing overhead entered on?.
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Applied overhead goes on the credit side of the Manufacturing overhead of $120,700 was applied to production using the company's predetermined overhead rate

8 0
2 years ago
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