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What is between journalizing and posting

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Reference no: EM132564548

Question 1: Between journalizing and posting, which step changes the balance of an account? Explain.

Question 2: What are some key differences between each of three trial balances?

  • Analyzing & Recording
  • Posting to the ledger
  • (T-Accounts)
  • Preparing a Unadjusted Trial Balance #1
  • Adjustments for accruals and deferrals
  • Preparing an Adjusted Trial Balance #2
  • Prepare Financial Statements
  • Closing Temporary Account
  • Preparing a Post-Closing Trial Balance #3

Reference no: EM132564548

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