Final answer:
Students with phonemic awareness in the process of learning how printed words are conventionally spelled are likely in the Transitional spelling phase.
Step-by-step explanation:
If students have phonemic awareness and can spell each sound phonetically, but are just learning how printed words are spelled, they are likely in the Transitional spelling phase. This phase is characterized by students' growing knowledge of the conventional spelling rules and patterns beyond their phonetic spelling abilities. During this stage, they often spell words the way they sound, which helps them move from phonetic to more accurate representations of words.