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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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