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
mr Goodwill [35]
3 years ago
7

Which is the correct order of the following steps in the accounting cycle? Prepare financial statements, journalize and post adj

usting entries, journalize and post the closing entries, and prepare a post-closing trial balance. Prepare an unadjusted trial balance, journalize and post adjusting entries, journalize and post the closing entries, and prepare financial statements. Prepare an unadjusted trial balance, journalize and post adjusting entries, prepare financial statements, and journalize and post the closing entries. Journalize and post adjusting entries, journalize and post the closing entries, prepare financial statements, and prepare an adjusted trial balance.
Business
1 answer:
murzikaleks [220]3 years ago
3 0

Answer:

Explanation:

Prepare a post-closing trial balance.Step 9

Prepare an adjusted trial balance.Step 6

Analyze business transactions.Step 1

Prepare a trial balance.Step 4

Journalize the transactions.Step 2

Journalize and post closing entries.Step 8

Prepare financial statements.Step 7

Journalize and post adjusting entries.Step 5

Post to ledger accounts.Step 3

You might be interested in
In an object-oriented development framework for a university, how would the classes Degree, Mathematics, and Physics be related?
Vladimir [108]

Answer:

E) Degree is a superclass to

Mathematics and Physics.

Explanation:

A superclass is that characteristic class from which many subclasses branch. The subclasses takes the characteristics of a superclass.

This heirachy helps in organising achievements in programming development framework — here classification of various subjects as data or Objects is the focus instead of representing subjects as functions.

7 0
4 years ago
Read 2 more answers
Jobs in which of the following fields require an understanding of the investment environment? I. commercial banking II. corporat
uranmaximum [27]

Answer:

All of them:

  • I. commercial banking
  • II. corporate finance
  • III. financial planning
  • IV. insurance

Explanation:

People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.

Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.

Insurance companies also deal with financial issues and investments.

7 0
3 years ago
The product-variety externality is associated with the A. consumer surplus that is generated from the introduction of a new prod
Vlad [161]

Answer:

A. consumer surplus that is generated from the introduction of a new product.

Explanation:

The product-variety externality is defined as consumer get the surplus that is generated from the introduction of a new product and entry of a new firm conveys a positive externality on consumers. It arises as new firms offer products that differ from those of the existing firms, however, it does not happen under perfect competition. Competitive market lead to efficient outcomes, unless there are externalities.

4 0
3 years ago
Molly's Auto Detailers maintains its records on the cash basis. During 2018, Molly's collected $72,000 from customers and paid $
Otrada [13]

Answer: $49,000

Explanation:

Total Revenue:

= cash revenue + increase In accounts receivables + decrease in accrued liability

= $72,000 + $4,000 + $1,000

= $77,000

Net income accrual method:

= Total Revenue - cash expenses - depreciation expense - decrease in prepaid expenses

= $77,000 - $21,000 - $5,000 - $2,000

= $49,000

5 0
4 years ago
XYZ Company is new to marketing research and wants to gain business quickly. They put in what seems to be an unrealistic bid on
rjkz [21]

Answer:

false promises

Explanation:

the keyword was unrealistic,because their trying to add additional fees.

6 0
3 years ago
Other questions:
  • If the inverse demand function is:
    7·1 answer
  • The department heads of a plastics company sit down to discuss next year’s budget. Fabrication says that two of their extruders
    6·1 answer
  • Pinto Corp. sells $300,000 of bonds to private investors. The bonds have a 4% coupon rate and interest is paid semiannually. The
    5·1 answer
  • Problem 14-05 Stock Split JPix management is considering a stock split. JPix currently sells for $80 per share and a 3-for-2 sto
    5·1 answer
  • _______________ are a comprehensive tool, especially since it would cost our society so much to prosecute and allow a trial for
    15·1 answer
  • On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31
    15·1 answer
  • If a local-level fair housing group wins a fair housing lawsuit against a landlord, who gets the money from the resulting judgme
    8·1 answer
  • The penalty for nonqualified distributions from a health savings account (HSA) is __________.
    13·1 answer
  • Please I need help on this Question! 10 POINTS***
    15·1 answer
  • What's one reason that buyers might need additional cash at closing for a short sale?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!