Acc 280 Week 3 DQ 1 and 3

Feb 3rd, 2012
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University of Phoenix
Course: Business and Management
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What are the steps in completing the accounting cycle? There are 9 required steps in completing the accounting cycle one step at a time they include: →Analyzing Business Transaction →Journalizing Transactions →Post to a ledger →Prepare a Trial Balance, →Journalize and Post Adjusting Entries (Prepayments & Accruals) →Prepare an Adjusted Trial Balance, →Prepare Financial Statements, Income Statement, Retained Earnings Statement and Balance Sheet →Journalize and Post Closing Entries →Prepare a Post Closing Trial Balance

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