Review the steps in the accounting cycle and answer the following questions:

1.	What is the first step?
2.	Are any steps optional?
3.	Which steps are completed throughout the period?
4.	Which steps are completed only at the end of the period?
5.	What is the last step in the accounting cycle?

Review the steps in the accounting cycle and answer the following questions: What is the first step? Are any stagis aptional? Which steps are completed throughout the period? Which steps are completed only at the end of the period? What is the last step in in the accounting cycle? 3 1. What is the first step? The first step in the accounting cycle is to 2. Are any steps optional? In the accounting cycle. optional 3. Which steps are completed throughout the period? O A Journalizing and posting the closing entries. OB. Joumalizing the transactions and posting to the accounts OC. Journalizing and posting the adjusting entries. OD. Joumalizing the transactions and preparing the financial statements 4. Which steps are completed only at the end of the period? O A. Adjusting the accounts, preparing the financial statements, and closing the accounts OB. Posting to the accounts, preparing the financial statements, closing the counts OC. Completing the worksheet, preparing the financial statements, and closing the accounts. OD. None of the abxwe. 5. What is the last step in the accounting cycle? The last step in the accounting cycle is to Click to select your