21- The steps of the accounting cycle are presented below- Identify th.docx

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21. The steps of the accounting cycle are presented below. Identify the correct order of the steps. (i) (Cliak the icon to view the steps.) More info a. Joumalize and post the closing entries. b. Start with beginning account balances. c. Prepare the financial statements. d. Compute the unadjusted balance in each account, and prepare the unadjusted trial balance. e. Joumalize and post adjusting entries. f. Enter the unadjusted trial balance on the worksheet, and complete the worksheet (optional). g. Prepare the adjusted trial balance. h. Analyze and joumalize transactions as they occur. i. Post joumal entries to the accounts. 22. Billings Auto Repair has the following account balances at December 31,2024 , from its adjusted trial balance. (Click the icon to view the account balances.) Compute Billings Auto Repair's current ratio. Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places, X . XX .) Data table .

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21- The steps of the accounting cycle are presented below- Identify th.docx

1. 21. The steps of the accounting cycle are presented below. Identify the correct order of the steps. (i) (Cliak the icon to view the steps.) More info a. Joumalize and post the closing entries. b. Start with beginning account balances. c. Prepare the financial statements. d. Compute the unadjusted balance in each account, and prepare the unadjusted trial balance. e. Joumalize and post adjusting entries. f. Enter the unadjusted trial balance on the worksheet, and complete the worksheet (optional). g. Prepare the adjusted trial balance. h. Analyze and joumalize transactions as they occur. i. Post joumal entries to the accounts. 22. Billings Auto Repair has the following account balances at December 31,2024 , from its adjusted trial balance. (Click the icon to view the account balances.) Compute Billings Auto Repair's current ratio. Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places, X . XX .) Data table

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