At the end of the accounting period, adjusting entries are required. Place the steps in the adjustment process in the correct order.

Drag and drop application. Click and drag on elements in order

At the end of the accounting period, adjusting entries are required. Place the steps in the adjustment process in the correct order.

$($i$)$ Instructions

Use the unadjusted trial balance to determine the accounts requiring adjustment

Prepare an adjusted trial balance to check the equality of the debits and credits

Record closing journal entries and post to the accounts

Prepare a post$-$closing trial balance

Prepare financial statements

Record and post adjusting entries