Solution-Rearrange the steps in the accounting cycle

Rearrange the steps in the accounting cycle

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Reference no: EM132608523

Question - Steps in the accounting cycle

Rearrange the following steps in the accounting cycle in proper sequence:

a. Transactions are analyzed and recorded in the journal.

b. An unadjusted trial balance is prepared.

c. Transactions are posted to the ledger.

d. Adjustment data are assembled and analyzed.

e. An adjusted trial balance is prepared.

f. Adjusting entries are journalized and posted to the ledger.

g. An optional end-of-period spreadsheet is prepared.

h. A post-closing trial balance is prepared.

i. Financial statements are prepared.

j. Closing entries are journalized and posted to the ledger.

Reference no: EM132608523

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Rearrange the steps in the accounting cycle

Reference no: EM132608523

Reference no: EM132608523

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