The following are all the steps in the accounting cycle. List them in the order in which they should be done. - Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (work sheet) is prepared. - A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. - Adjustment data are assembled and analyzed. - Financial statements are prepared. - An adjusted trial balance is prepared. - Transactions are posted to the ledger.

Question

Maxim

Business

11 July, 08:31

The following are all the steps in the accounting cycle. List them in the order in which they should be done. - Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (work sheet) is prepared. - A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. - Adjustment data are assembled and analyzed. - Financial statements are prepared. - An adjusted trial balance is prepared. - Transactions are posted to the ledger.

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Elias Pennington · Answer 1

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Explanation:

The order of steps in the accounting cycle.

1 Transactions are analyzed and recorded in the journal.

2 Transactions are posted to the ledger.

3 An unadjusted trial balance is prepared.

4 Adjustment data are assembled and analyzed.

5 An optional end-of-period spreadsheet (work sheet) is prepared.

6 Adjusting entries are journalized and posted to the ledger.

7 An adjusted trial balance is prepared.

8 Financial statements are prepared.

9 Closing entries are journalized and posted to the ledger.

10 A post-closing trial balance is prepared.