Chapter 4 Q4-1. The following are the steps in the accounting cycle. List them in the order in which they are completed: Prepare adjusted trial balance Post transactions Prepare an unadjusted trial balance Journalize transactions Prepare the financial statements Close the temporary accounts Adjust the ledger accounts Prepare a post-closing trial balance Analyze transactions [Hint: In class, we went over the accounting cycle.] Q4-2. Closing Entries K. Ferman, Capital ............ K. Ferman, Withdrawals Delivery Revenue Rent expense Wages expense... Supplies expense... Depreciation expense-Delivery equipment Interest expense... Utilities expense.. 40,400 15,000 145,000 8,000 62,000 2,500 4,050 1,000 3,750 Please prepare closing entries for Revenue, Expenses, Income Summary, and Owner Withdrawals accounts