In the sequence of accounting cycle steps, which step follows the preparation of the adjusted trial balance?
a. Financial statements are prepared.
b. Adjusting entries are journalized and posted.
c. The optional end-of-period spreadsheet is prepared.
d. Closing entries are journalized and posted to the ledger.
a
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Express contract can be stated orally
Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false