Of the Following Is the Correct Order of the Steps

Multiple Choice

of the following is the correct order of the steps of preparing the work sheet?
I. Compute each account's adjusted balance by combining the trial balance and adjustment figures. Enter each account's adjusted amount in the Adjusted Trail Balance columns.
II. Enter the account titles and their unadjusted balances in the Trial Balance columns of the work sheet and total the columns.
III. Extend (copy) the asset, liability, and owner's equity amounts from the Adjusted Trial Balance to the Balance Sheet columns. Copy the revenue and expense amounts to the Income Statement columns. Total the statement columns.
IV. Enter the adjusting entries in the Adjustments columns, and total the amounts.
V. On the income statement column, compute net income. Enter net income as the balancing amount on the income statement and balance sheet columns. Total the income statement and balance sheet columns.

A) II, IV, I, III, V
B) I, II, III, IV, V
C) III, V, IV, I, II
D) IV, I, III, V, II