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Steps in the Accounting Cycle Rearrange the following steps in the accounting cycle in proper sequence: a. Transactions are analyzed and recorded in the journal.
Steps in the Accounting Cycle
Rearrange the following steps in the accounting cycle in proper sequence:
a. Transactions are analyzed and recorded in the journal. | 1 |
b. An unadjusted trial balance is prepared. | 2 |
c. Transactions are posted to the ledger. | 3 |
d. Adjustment data are assembled and analyzed. | 4 |
e. An adjusted trial balance is prepared. | 5 |
f. Adjusting entries are journalized and posted to the ledger. | 6 |
g. An optional end-of-period spreadsheet is prepared. | 7 |
h. A post-closing trial balance is prepared. | 8 |
i. Financial statements are prepared. | 9 |
j. Closing entries are journalized and posted to the ledger. | 1 |
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