List the accounting cycle steps in proper order.

Record and post adjusting entries
Post the transaction to the T-account in the general ledger
Record the transcation
Prepare financial statements (income statement, statement of stockholder's equity, balance sheet, and statement of cash flows)
Record and post closing entries
Prepare a trial balance
Analyze the impace of the transaction on the accounting equation
Assess whether the transaction results in a debit or a credit to the account balance
Use source documents to identify accounts affected by external transcations