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Accounting Cycle Project You are requested to use your assumed business to prepare a 9 Step accounting cycle project which include the 9 steps. make

Accounting Cycle Project

You are requested to use your assumed business to prepare a 9 Step accounting cycle project which include the 9 steps.

make sure that the transactions include Assets,Liabilities,Share Capital,Revenues,Expenses,Dividends

The business is from your own

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The Accounting Cycle Learning Objective 4 State the required steps in the accounting cycle. 1. Analyze business transactions 9. Prepare a post-closing trial balance 2. Journalize the transactions 8. Journalize and post closing entries 3. Post to ledger accounts 7. Prepare financial statements 4. Prepare a trial balance 6. Prepare an adjusted trial balance 5. Journalize and post adjusting entries 4-1 Illustration 4-11 Steps in the accounting cycle LO4

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