What is the last step in the account cycle? Review the steps in the accounting cycle and answer the following questions:1.What is the first step?2.Are any steps optional?3.Which steps are completed throughout the period?4.Which steps are completed only at the end of the period?5.What is the last step in the accounting cycle?1. What is the first step?The first step in the accounting cycle is to2. Are any steps optional?In the accounting cycle,optional.3. Which steps are compcompleting the worksheet isO A. Journalizing the tO B. Journalizing andOc. Journalizing andO D. Journalizing the tno steps areposting to the accounts ispreparing the adjusted trial balance isents.4. Which steps are completed only at the end of the period?O A. Completing the worksheet, preparing the financial statements, and closing the accounts.O B. Adjusting the accounts, preparing the financial statements, and closing the accounts.OC. Posting to the accounts, preparing the financial statements, and closing the accounts.O D. None of the above.5. What is the last step in the accounting cycle?The last step in the accounting cycle is to Review the steps in the accounting cycle and answer the following questions:1.What is the first step?2.Are any steps optional?Which steps are completed throughout the period?Which steps are completed only at the end of the period?What is the last step in the accounting cycle?3.4.5.1. What is the first step?The first step in the accounting cycle is to2. Are any steps optional?analyze and journalize transactions as they occurIn the accounting cycle,post to the accounts3. Which steps are completed throughout 1 prepare the unadjusted trial balanceO A. Journalizing the transactions and pstart with the beginning account balancesB. Journalizing and posting the adjusting entries.Oc. Journalizing and posting the closing entries.O D. Journalizing the transactions and preparing the financial statements.4. Which steps are completed only at the end of the period?O A. Completing the worksheet, preparing the financial statements, and closing the accounts.B. Adjusting the accounts, preparing the financial statements, and closing the accounts.OC. Posting to the accounts, preparing the financial statements, and closing the accounts.O D. None of the above.5. What is the last step in the accounting cycle?The last step in the accounting cycle is to

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What is the last step in the account cycle?

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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