Which of the following has steps of the accounting cycle in proper sequence (some steps may be missing)? Oa. analyze and record transactions post transactions to the ledger, prepare a trial balance, analyze adjustment data, prepare adjusting entries, prepare financial statements, journalize closing entries and post to the ledger, a closing trial balance Ob. analyze and record transactions, post transaction to the ledger prepare a trial balance prepare financial statements, journalize closing entries, analyze adjustment data and prepare adjusting entries Oc. prepare financial statements, joumalize closing entries and post to the ledger analyze and record transactions post transactions to the ledger, prepare a trial balance, analyze adjustment data, prepare adjusting entries Od. prepare a trial balance, analyze adjustment data, prepare adjusting entries, prepare financial statements, journalize closing entries and post to the ledger, analyze and record transactions, post transactions to the ledger Of the following steps of the accounting cycle, which step should be completed first? Oa. Transactions are posted to the ledger. Ob. Adjusting entries are joumalized and posted to the ledger. Oc. Financial statements are prepared. d. Closing entries are journalized and posted to the ledger. The accounting cycle requires three trial balances be done. In what order should they be prepared? Oa. unadjusted, adjusted post-closing Ob. unadjusted, post-closing, adjusted Oc. post-closing, adjusted, unadjusted Od. post-closing, unadjusted, adjusted A bank reconciliation should be prepared periodically because Oa. any differences between the company's records and the bank's records should be determined and any errors made by either party should be discovered an Ob. the bank has not recorded all of its transactions Oc. the company's records and the bank's records are in agreement Od. The bank must make sure that its records are correct. The amount of deposits in transit is included on the bank reconciliation as a(n) Oa. deduction from the balance per bank statement Ob. addition to the balance per company books Oc. addition to the balance per bank statement Od. deduction from the balance per the company's books