List the following six items in sequence to illustrate the flow of events through the accounting system:

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List the following six items in sequence to illustrate the flow of events through the accounting system: 

a. Analysis of the transaction 

b. Debits and credits posted from the journal to the ledger 

c. Occurrence of the business transaction 

d. Preparation of the financial statements 

e. Entry made in the journal 

f. Preparation of the trial balance

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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