Question
ustlon 10 Which statement is correct? Print Assignment: Week 2 Practice Quiz false Post transactions, journalize transactions, prepare a trial balance, prepare financial statements a. Journalize and post transactions, journalize and post closing entries, journalize and post adjusting entries. b. Journalize and post transactions, journalize and post adjusting entries, journalize and post closing entries. c. Prepare financial statements, prepare adjusting entries, prepare closing entries, prepare a post-closing trial balance. d.
Explanation / Answer
The option c. Journalize and post transactions, Journalize and post adjusting entries, Journalize and post closing entries is the correct option.
Explanation:
As per the Accounting cycle.