Short Answer
The following steps in the accounting cycle are presented out of order below.Arrange the steps in the proper order by placing a number from 1 through 5 in the blanks provided.Also identify each step as either a recurring activity (RA)-one that would be repeated during the fiscal period-or an end-of-period activity (EOP)-one performed at the end of the accounting period.
______a.Record entries in a journal.
______b.Adjust the accounts and prepare an adjusted trial balance.
______c.Close the accounts and prepare a post-closing trial balance.
______d.Analyze business transactions from source documents.
______e.Post entries to the ledger and prepare a trial balance.
Correct Answer:

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a. 2 RA
b....View Answer
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b....
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