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Question: list the accounting cycle steps in proper order record and...

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List the accounting cycle steps in proper order. Record and post adjusting entries. Post the transaction to the T-account in the general ledger. Record the transaction. Prepare financial statements (income statement, statement of stockholders equity, balance sheet, and statement of cash flows). Record and post closing entries. Prepare a trial balance. Analyze the impact of the transaction on the accounting equation Assess whether the transaction results in a debit or a credit to Use source documents to identify accounts affected by external transactions. 9 the account balance.

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