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35 PM Tue Oct 27 bbhosted.cuny.edu Question Completion Status: QUESTION 20 In order, the accounting process consists of recording, identifying and communicating accounting information, identifying, communicating and recording accounting information communicating, identifying and recording accounting information identifying recording and communicating accounting information 2.5 points QUESTION 21 Liabilities are future economic benefits are existing debts and obligations possess service potential are things of value used by the business in its operation 2.5 points Save Answer QUESTION 22 Which one of the following presents the correct order for the accounting cycle? Analyze transactions, post, adjusted trial balance, closing entries, post closing trial balance, financial statements Post closing trial balance, closing entries, financial statements, adjusted trial balance adjustments, analyze transactions, journalize, post, trial balance Analyze transactions, journalize, post, trial balance, adjustments, adjusted trial balance, financial statements, closing entries, post closing trial balance Adjustments, trial balance, posting, journalize, analyze transactions Click Save and Submit to save and submit. Click Save All Answers to save all answers

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