The Accounting Cycle Bookkeeping is an essential part of running any business, large or small, and the manager of Anna's Flowers is doing just that at the end of the current accounting period. The typical four-step process she employs is known as the accounting cycle. Accounting is considered the primary language of business, so learning to "speak" it can be very helpful. All generally accepted accounting principles are based on two main fundamentals-the accounting equation and the double-entry bookkeeping system. Read the case below and complete the activity that follows. Anna Rodriguez, manager of Anna's Flowers, does the accounting for her business. She first gathers together all the source documents: checks, credit card receipts, sales slips, and other evidence. Next she takes out a journal and diligently records each financial transaction. Once this is done, Anna transfers the information from her journal to a computer program and prepares a trial balance for the end of the accounting period. Using the trial balance, she prepares her company's financial statements, and then she can declare the books "closed." Click and drag Anna's procedures to match each corresponding step of the accounting cycle. Gather checks, receipts Create balance sheet Transfer data to computer Write in a journal Examine source documents Record transactions Post transactions Prepare financial statements