The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence. (a) Prepare a post-closing trial balance. (b) Prepare an adjusted trial balance. (c) Analyze business transactions. (d) Prepare a trial balance. (e) Journalize the transactions. (f) Journalize and post closing entries. (g) Prepare financial statements. (h) Journalize and post adjusting entries. (i) Post to ledger accounts.
The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence. (a) Prepare a post-closing trial balance. (b) Prepare an adjusted trial balance. (c) Analyze business transactions. (d) Prepare a trial balance. (e) Journalize the transactions. (f) Journalize and post closing entries. (g) Prepare financial statements. (h) Journalize and post adjusting entries. (i) Post to ledger accounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The required steps in the accounting cycle are listed in random order below.
List the steps in proper sequence.
(a)
Prepare a post-closing trial balance.
(b)
Prepare an adjusted trial balance.
(c)
Analyze business transactions.
(d)
Prepare a trial balance.
(e)
Journalize the transactions.
(f)
Journalize and post closing entries.
(g)
Prepare financial statements.
(h)
Journalize and post adjusting entries.
(i)
Post to ledger accounts.
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