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Arrange the series of accounting activities listed here for the accounting cycle for a service business. Indicate the sequence of the steps by entering a
Arrange the series of accounting activities listed here for the accounting cycle for a service business. Indicate the sequence of the steps by entering a number from 1 to 8 to the left of each activity. (p. 228) Accounting Activity A work sheet, including a trial balance, is prepared from the general ledger. Transactions, from information on source documents, are recorded in a journal. Source documents are checked for accuracy, and transactions are analyzed into debit and credit parts. Adjusting entries are journalized and posted to the general ledger. Financial statements are prepared from the work sheet. Closing entries are journalized and posted to the general ledger. A post-closing trial balance of the general ledger is prepared. Journal entries are posted to the general ledger
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