List the steps of the accounting cycle in their proper order.

a. Analyzing transactions and events.

b. Posting the journal entries.

c. Journalizing and posting adjusting entries

d. Preparing the adjusted trial balance.

e. Journalizing and posting closing entries

f. Preparing the financial statements.

g. Preparing the unadjusted trial balance

h. Journalizing transactions and events

List the following steps of the accounting cycle in their proper order. _________a. Posting the journal entries. _________b. Journalizing and posting adjusting entries. _________c. Preparing the adjusted trial balance. _________d. Journalizing and posting closing entries. _________e. Analyzing transactions and events. _________f. Preparing the financial statements. _________g. Preparing the unadjusted trial balance. _________h. Journalizing transactions and events. _________i. Preparing the post-closing trial balance.

Where are adjusting journal entries recorded?

Which of the following is an example of self-efficacy? a. Manuela believes others are always watching her. b. Abraham believes he is a good person. c. Rasheed believes he is a competent skater. d. Saundra believes it rained because she’s been wishing for rain for days. e. Igor maintains his optimism despite doing poorly in his math class.

The closing process is necessary in order to:

A. Calculate net income or net loss for an accounting period

B. Ensure that all permanent accounts are closed to zero at the end of each accounting period. Ensure that the company complies with state laws.

C. Ensure that net income or net loss and dividends for the period are closed into the retained earnings account

D. Ensure that management is aware of how well the company is operating.

If an owner withdraws cash for personal use, the transaction should be recorded in the

A) sales journal

B) cash receipts journal

C) general journal

D) cash payments journal

Accumulated Depreciation is a(n) ___ account and carries a normal ____ -

A) liability; credit

B) revenue; debit balance.

C) contra asset: credit

D) expense debit

Which of the statements correctly represents the accounting equation?

A. What the business owns will always equal what it owes creditors.

B. What a business owns will always equal the owners' ownership in the business.

C. A business's income will always equal what it owes to creditors,

D. What a business owns will always equal what it owes to creditors and owners.

Over time, which of the following is typically true of the relationship between passionate love and companionate love? a. Passionate and companionate love both decrease. b. Passionate love increases and companionate love decreases. c. Passionate and companionate love both increase. d. Passionate love decreases and companionate love increases. e. There is no consistent relationship between the levels of passionate love and companionate love.

List the following steps of the accounting cycle in their proper order.
f. Preparing the financial statements.

Dissaving means:

A) the same thing as disinvesting

B) that households are spending more than their current incomes

C) that saving and investment are equal

D) that disposable income is less than zero

Property taxes on a company's factory building would be classified as a(n):

A) product cost

B) opportunity cost

C) period cost

D) variable cost.

A closing entry includes

A. a debit to Sales Revenue

B. credit to Cash.

C. credit to Accounts Receivable.

D. debit to Interest Expense.

Identify which of the following accounts would be included in a post-closing trial balance.

a. Furniture

b. Commission Revenue

c. Buildings

d. Accounts Payable

e Rent Expense

f. Interest Payable