Josh tells the loan officer at first bank and trust that clarksville really needs a store that offers high-quality fishing gear to enthusiasts and provides the service and advice that many people want. no other store in the area seems to provide this combination. josh is trying to use to support his request for a loan to start such a retail operation.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.