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
Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlli
Luda [366]

Answer:

b staffing is the answer

5 0
2 years ago
On December 10, 2020, Jennings, Inc. paid out total dividends of $350,000 (this was the only dividend payment made during the ye
Hoochie [10]

Answer:

$723,000

Explanation:

Calculation to determine what was Jennings reported net income in 2020

Using this formula

2020 Net income=(2019 Retained earnings-2020 Retained earnings)+ Total Dividend

Let Plug in the formula

2020 Net income=($2,681,000-$2,308,000)+$350,000

2020 Net income=$373,000+$350,000

2020 Net income=$723,000

Therefore Jennings reported net income in 2020 is $723,000

3 0
2 years ago
If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________
Neko [114]

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

#SPJ4

7 0
2 years ago
Charisma, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equi
Gnesinka [82]

Answer:

$660,000

Explanation:

According to M & M proportion I with taxes, the value of the levered firm is:

V (Firm) = V (Equity) + V (Debt)

             = $28,400,000 + 0.25(6,000,000)

             = $28,400,000 + $1,500,000

             = $29,900,000

Total market value of the firm:

= Market value of the debt + Market value of equity

= $6,000,000 + stock outstanding × Selling price per share

= $6,000,000 + 415,000 × $56 per share

= $29,240,000

With non-marketed claims, such as bankruptcy costs, we would expect the two values to be the same.

The differences are the non-marketed claims:

Expected bankruptcy costs = $29,900,000 - $29,240,000

                                              = $660,000

4 0
3 years ago
Whats the number to 911?
neonofarm [45]

i dont know, it could really be any thing tbh

8 0
2 years ago
Other questions:
  • Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10
    9·1 answer
  • The NASDAQ is an example of what type of stock exchange?
    11·1 answer
  • If the sum of the Ending Balance(s) in the revenue account(s) is greater than the sum of the Ending Balances in the expense acco
    6·1 answer
  • Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.62 per mile driven. Joyce has determined that if
    14·1 answer
  • If the government quit subsidizing a product, consumer surplus would _____ and producer surplus would _____.
    6·1 answer
  • A small barbershop is operated by a single barber. it has room for at most two customers. potential customers arrive as a poisso
    8·1 answer
  • Define employee engagement and job satisfaction with respect to Theory of Motives and Needs.
    6·2 answers
  • The Federal Deposit Insurance Corporation (FDIC) insure account holder’s accounts for up to ___.
    15·1 answer
  • An entity may decide not to sell a long-lived asset (disposal group) classified as held for sale. It should therefore re-classif
    5·1 answer
  • To temporarily offset a depreciation in the dollar's exchange value, the Federal Reserve could ____ the U.S. money supply which
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!