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ACC 211 Principles of Accounting I Chapters 4, 5, & 6 QuizzesChapter 41. In the accounting cycle, the last step ispreparing the financial statementsjournalizing and posting the adjusting entriesjournalizing and posting the closing entriespreparing a post-closing trial balance2. The income statement is prepared fromeither the adjusted trial balance or the Income Statement columns of the end-of-periodspreadsheetboth the adjusted trial balance and the Income Statement columns of the end-of-periodspreadsheetthe Income Statement columns of the end-of-period spreadsheetthe adjusted trial balance3. Which one of the steps below isnotaided by the preparation of the end-of-period spreadsheet?posting to the general ledgerpreparing the adjusted trial balance
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Chapter 4 / Exercise 1
Survey of Accounting
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preparing the closing entriespreparing the financial statements4. The income statement will presentrevenues less expenses (ordered in alphabetical order)revenues less expenses (ordered largest to smallest amount) with miscellaneous expenselisted lastrevenues less expenses (order is not important)revenues less expenses (ordered smallest to largest amounts) with miscellaneous expenselisted last

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Survey of Accounting
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Chapter 4 / Exercise 1
Survey of Accounting
Warren
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