il Verizon LTE 10:10 AM 67% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window 4. PE.04-05B O eBook Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c. An unadjusted trial balance is prepared. d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger. f. An adjusted trial balance is prepared. g. Financial statements are prepared. h. A post-closing trial balance is prepared. Select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 6. 7. 8. 9. 10. 5. PE.04-06B O eBook I Show Me How Working Capital and Current Ratio Current assets and current liabilities for Brimstone Company follow: 2019 2018 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 2019 2018 Working capital Current ratio

il Verizon LTE 10:10 AM 67% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window 4. PE.04-05B O eBook Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c. An unadjusted trial balance is prepared. d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger. f. An adjusted trial balance is prepared. g. Financial statements are prepared. h. A post-closing trial balance is prepared. Select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 6. 7. 8. 9. 10. 5. PE.04-06B O eBook I Show Me How Working Capital and Current Ratio Current assets and current liabilities for Brimstone Company follow: 2019 2018 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 2019 2018 Working capital Current ratio

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Description: Question #4 in this image il Verizon LTE10:10 AM67%AAv2.cengagenow.comCengageNOWv2 | Online teaching and learning resource from Cengage LeamingClose Window4. PE.04-05BO eBookAccounting CycleFrom the following list of steps in the accounting cycle, id

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.4C

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Question #4 in this image

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4. PE.04-05B
O eBook
Accounting Cycle
From the following list of steps in the accounting cycle, identify what two steps are missing:
a. Transactions are analyzed and recorded in the journal.
b. Transactions are posted to the ledger.
c. An unadjusted trial balance is prepared.
d. An optional end-of-period spreadsheet is prepared.
e. Adjusting entries are journalized and posted to the ledger.
f. An adjusted trial balance is prepared.
g. Financial statements are prepared.
h. A post-closing trial balance is prepared.
Select the steps in the accounting cycle in their proper order and include the two missing steps.
1.
2.
6.
7.
8.
9.
10.
5. PE.04-06B
O eBook
I Show Me How
Working Capital and Current Ratio
Current assets and current liabilities for Brimstone Company follow:
2019
2018
Current assets
$1,586,250
$1,210,000
Current liabilities
705,000
550,000
a. Determine the working capital and current ratio for 2019 and 2018. If required, round
"current ratio" answers to two decimal places.
2019
2018
Working capital
Current ratio

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