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- 4. Part Four-Identifying the Accounting Cycle for a Service Business Arrange the series of accounting activities listed for the accounting cycle for a service business. Indicate the sequence of the e steps by entering a number from 1 to 8 to the left of each activity. (p.228) Accounting Activity square A work sheet, including a trial balance, is prepared from the general ledger. square Transactions, from information on source documents, are recorded in a journal. square Source documents are checked for accuracy, and transactions are analyzed into debit and credit parts. square Adjusting entries are journalized and posted to the general ledger. square Finandal statements are prepared from the work sheet. square Closing entries are journalized and posted to the general ledger. square A post-closing trial balance of the general ledger is prepared. square Journal entries are posted to the general ledger.
- 4. Credit Unions differ from retail banks in that they typically require membership based on specific criteria. True False 5. With certificates of deposit (CDs), you have to pay a penalty for __ Withdrawing your money early Depositing money into the account Creating a savings account Using an ATM
- Outcome 10.1k Question 1 of 1 I can get advice. information and support about my role and responsibilities in safeguarding from... Multiple choice - select more than one answer V Your manager Caring Support Commission Policies and procedures Local authority safeguarding lead
- Question 1 of 1 Which of these are the most likely indicators of financial abuse? Multiple choice - select more than one answer Unusual interest in personal finances Unpaid bills Willingness to pay for things Complaining about price increases
- Which of the following is a similarity between goods and services A) mass production B) consistency C automation D) Both have quality standards E) Both can usually be kept in inventory a E c B D