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QS 3-20 (Algo) Identifying the accounting cycle LO P6 List the following steps of the accounting cycle in their proper order. Steps 1. Journalizing
QS 3-20 (Algo) Identifying the accounting cycle LO P6 List the following steps of the accounting cycle in their proper order. Steps 1. Journalizing business events and transactions. 2. Summarize unadjusted ledger accounts and amounts in an unadjusted trial balance. 3. Summarize adjusted ledger accounts and amounts in an adjusted trial balance. 4. Journalize and post journal entries to close temporary accounts. 5. Analyzing business events and transactions. 6. Posting the debits and credits from the journal in the ledger. 7. Record adjustments to bring account balances up to date. 8. Use the adjusted trial balance to prepare financial statements. 9. Create the post-closing trial balance. Order
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