The following are the steps in the accounting cycle. List them in the order in which they are completed:

Prepare adjusted trial balance Post transactions Prepare an unadjusted trial balance Journalize transactions Prepare the financial statements Close the temporary accounts Adjust the ledger accounts Prepare a post-closing trial balance Analyze transactions

[Hint: In class, we went over the accounting cycle.]

Q4-2. Closing Entries

K. Ferman, Capital .......................................................		40,400
K. Ferman, Withdrawals ..............................................	15,000
Delivery Revenue ....................................................		145,000
Rent expense ................................................................	8,000
Wages expense.............................................................	62,000
Supplies expense...........................................................	2,500
Depreciation expense-Delivery equipment .................	4,050
Interest expense............................................................	1,000
Utilities expense...........................................................	3,750

Please prepare closing entries for Revenue, Expenses, Income Summary, and Owner Withdrawals accounts.