Which of the following most accurately depicts the steps in an accounting cycle?

Multiple Choice

Close temporary accounts $->$ Record transaction data $->$ Adjust accounts $->$ Prepare Statements

Record transaction data $->$ Adjust accounts $->$ Prepare Statements $->$Close temporary accounts

Prepare Statements $->$ Close temporary accounts $->$ Adjust accounts $->$ Record transaction data

Record transaction data $->$ Close temporary accounts $->$ Adjust accounts $->$ Prepare Statements