Question
The following are all the steps in the accounting cycle. Number each step in the order in which they should be done. Please write your
The following are all the steps in the accounting cycle. Number each step in the order in which they should be done. Please write your answer in the space provided.
- Closing entries are journalized and posted to the ledger.
- An unadjusted trial balance is prepared.
- An optional end-of-period spreadsheet (worksheet) is prepared.
- A post-closing trial balance is prepared.
- Adjusting entries are journalized and posted to the ledger.
- Transactions are analyzed and recorded in the journal.
- Adjustment data are assembled and analyzed.
- Financial statements are prepared.
- An adjusted trial balance is prepared.
- Transactions are posted to the ledger.
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