Question
Create an Accounting Cycle reference sheet for yourself with your own transactions. It must include all of the following: 1. All steps in Accounting Cycle
Create an Accounting Cycle reference sheet for yourself with your own transactions. It must include all of the following:
1. All steps in Accounting Cycle - be detailed and thorough in your explanations. STEP 1. Analyze source documents and record business transactions in a journal.
STEP 2. Post journal entries to the accounts in the ledger.
STEP 3. Prepare a trial balance.
STEP 4. Gather adjustment data and record the adjusting entries on a work sheet.
STEP 5. Complete the work sheet.
STEP 6. Journalize and post the adjusting entries from the data on the work sheet.
STEP 7. Prepare financial statements from the data on the work sheet.
STEP 8. Journalize and post the closing entries.
STEP 9. Prepare a post-closing trial balance.
2. Professional document required with grammatically correct information.
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