CT110 W4 Homework (1) - Word References Mailings Review View Help A A A A E LI A-D-A- AaBbccc AaBbcc AaBbc Aabbcc AaBbCcD Normal 1 No Spac Heading 1 Heading 2 Heading 3 Paragraph Directions Styles Question 1: The steps for the accounting cycle are listed below. Required: (a) Review the steps and determine which steps are missing (if any). (b) Place the steps in the correct order for the complete accounting cycle Number them 1-10 (e) Add the steps that are missing (if any) and place them in the correct order with the organized list created in (b) (steps 1-10). Prepare adjusted trial balance--Summarize adjusted ledger accounts and amounts. Prepare statements--Use adjusted trial balance to prepare financial statements. o Post-Transfer debits and credits from the journal to the ledger. Prepare unadjusted trial balance--Summarize unadjusted ledger accounts and amounts. o Close--Journalize and post entries to close temporary accounts. o Journalize--Record accounts, incinding debits and credits, in a journal. o Prepare post-closing trial balance -- Test clerical accuracy of the closing procedures. o Reverse (optional)--Reverse certain adjustments in the next period optional step. Focus L c