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The steps in the accounting cycle (excluding the preparation of the worksheet) are listed below in random order. List the steps in the proper sequence,
The steps in the accounting cycle (excluding the preparation of the worksheet) are listed below in random order. List the steps in the proper sequence, inserting the number 1 to 11.
- Post the journal entries to the ledger accounts
- Compute the adjusted balance in each of the ledger accounts
- Journalize and post closing entries
- Prepare postclosing trial balance
- Prepare adjusted trial balance
- Prepare unadjusted trial balance
- Journalize adjusting journal entries
- Analyse transactions as they occur
- Prepare financial statements
- Compute the unadjusted balance in each of the ledger accounts
- Journalize the transactions
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