Accounting cycle from the following list of steps in the accounting cycle, identify what two steps are missing: transactions are analyzed and recorded in the journal. transactions are posted to the ledger. an unadjusted trial balance is prepared. an optional end-of-period spreadsheet is prepared. adjusting entries are journalized and posted to the ledger. an adjusted trial balance is prepared. financial statements are prepared. a post-closing trial balance is prepared. select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.