5. Which sequence of actions describes the proper order in the accountng c a. Journalize, post, close, prepare financial statements, adjust, and analyze transactions b. Prepare financial statements, journalize, post, adjust, analyze transactions, close c. Analyze transactions, journalize, post, adjust, prepare financial statements, close d. Post, close, prepare financial statements, adjust, analyze transactions, and journalize 6. In the normal accounting cycle: a. financial statements are prepared after the adjusting entries are posted. b. financial statements are prepared before the adjusting entries are posted. c. adjusting and closing entries are journalized before the financial statements are prepared. d. post-closing trial balance is prepared before the closing entries are posted. Which of the following is the correct basic accounting equation? A) Assets + Liabilities Owner's Equity B) Assets + Revenues Owner's Equity 7. C) Assets + Revenues Liabilities+Expenses D) Assets Liabilities+ Owner's Equity 8. Explain each part of the accounting equation in No. 7 and provide 3 examples of each: 9. What is double-entry bookkeeping