Demonstrate the first four steps in the accounting cycle

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Reference no: EM132448141

Sophia provides you with a list of business transactions that occurred during the year.

You must use these transactions to demonstrate the first four steps in the accounting cycle:

  • analyzing each transaction, using double entry accounting to record these transactions in the general journal, and posting them to their respective accounts. Finally you prepare a trial balance, the fourth step in the accounting cycle

Reference no: EM132448141

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