PRACTICE EXERCISES PE 4-1 Accounting cycle From the following list of steps in the accounting cycle, identify which two steps are missing a. Business transaction occurs. b. Transactions are analyzed and recorded in the journal. c. Transactions are posted to the ledger d. An unadjusted trial balance is prepared. e. An optional end-of-period spreadsheet (work sheet) is prepared EE 4-1 D. 162