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Preparing the General Journal and General Ledger


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LO 1 Explain the steps in processing transactions.
LO 2 Describe source documents and their purpose.
LO 3 Describe a chart of accounts.
LO 4 Record transactions in a general journal.
LO 5 Post entries to a general ledger.
LO 6 Prepare financial statements from a trial balance.
LO 7 Explain how to correct errors in the general journal and general ledger.










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