Arrangement of transaction flow in an accounting cyclethe

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Arrangement of transaction flow in an accounting cycle.

The following is a list of the eight steps in the accounting cycle. Match the numbers 1 though 8 to the events below to indicate the sequence of the accounting cycle steps. 

Prepare and adjusted trial balance

Prepare financial statements

Identify, analyze and record events in journal

Prepare post closing trial balance

Make closing entries in journal and post to ledger

Enter adjusting entries in journal and post to ledger

Post entries from journal to ledger

Prepare trial balance

Reference no: EM13356397

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