Discussion - Consider the steps in the accounting cycle

Question # 00837670 Posted By: wildcraft Updated on: 01/22/2023 10:58 PM Due on: 01/23/2023
Subject Accounting Topic Accounting Tutorials:
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In your initial post, consider the steps in the accounting cycle. In what order do you think the financial statements should be produced? Specifically, does the position of the closing entries make sense to you as described in the textbook, or does it make more sense to produce the statements in the order described in Milestone One, in which the closing entries are completed before the income statement? Why or why not?

Then, in your follow-up posts, discuss your experiences working on Milestone One of the final project. Has the reading and homework prepared you for this work? What have been the challenges so far?

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  1. Tutorial # 00833126 Posted By: wildcraft Posted on: 01/22/2023 10:58 PM
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