GB 518 RANK Keep Learning /gb518rank.com GB 518 RANK Keep Learning /gb518rank.com | Page 23

$13,284 Question 21. Question : Unearned revenue is reported on the financial statements as: A revenue on the balance sheet A liability on the balance sheet An unearned revenue on the income statement An asset on the balance sheet An operating activity on the statement of cash flows Question 22. Question : Which of the following identifies the proper order of the accounting cycle? Analyze, Journalize, Unadjusted Trial Balance Analyze, Post, Unadjusted Trial Balance Journalize, Post, Adjusted Trial Balance