The following are all the steps in the accounting cycle. Number each step in the order...

The following are all the steps in the accounting cycle. Number each step in the order in which they should be done. Please write your answer in the space provided. - 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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Expert Solution

	Steps in the accounting cycle
Step 1	Transactions are analyzed and recorded in the journal. -
Step 2	Transactions are posted to the ledger.
Step 3	An unadjusted trial balance is prepared. -
Step 4	An optional end-of-period spreadsheet (work sheet) is prepared. -
Step 5	Adjustment data are assembled and analyzed. -
Step 6	Adjusting entries are journalized and posted to the ledger. -
Step 7	An adjusted trial balance is prepared. -
Step 8	Financial statements are prepared. -
Step 9	Closing entries are journalized and posted to the ledger. -
Step 10	A post-closing trial balance is prepared. -

ekkarill92 answered 1 year ago

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