1. What are the steps in the accounting cycle?

2. Describe the accounting equation that is used to analyze transactions.

3. What considerations must be taken into account when analyzing transactions?

4. What are the categories of transactions, and what types of transactions can be found in each?

5. What is included in a journal entry?

6. What is involved in posting a journal entry to the general ledger?

7. How is a trial balance prepared?

8. What information should be included in a ten-column worksheet?

9. How should adjusting entries be made?

10. Which financial statements must be prepared after the adjusted trial balance is complete?

11. What are the types of closing entries?

12. What is listed in the post-closing trial balance?