B-04.06 Problem

B-04.06 Problem - statements are produced Journal entries...

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B-04.06 Flowcharts are often used to document business activity. Rectangles represent "processes" and "documents" are represented by the boxes with a rolling bottom. Rearrange the following flowchart shapes into the correct order, and connect with arrows as appropriate. Transactions are recorded in the journal Financial
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Unformatted text preview: statements are produced Journal entries are posted to appropriate ledger accounts An adjusted trial balance is prepared A trial balance is constructed Adjusting entries are prepared and posted Closing entries are recorded in the journal and posted to the ledger A post-closing trial balance is prepared...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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