Rearrange the following steps in the accounting cycle in proper order: Financial statements are prepared. An...

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

Financial statements are prepared.

An adjusted trial balance is prepared.

Adjustment data are assembled and analyzed.

Adjusting entries are journalized.

Closing entries are journalized and posted to the ledger.

An unadjusted trial balance is prepared.

Transactions are posted to the ledger.

Transactions are analyzed and recorded in the general journal.

An optional end-of-period work sheet is prepared.

A post-closing trial balance is prepared.

Solutions

Expert Solution

1	Transactions are analyzed and recorded in the general journal.
2	Transactions are posted to the ledger.
3	An unadjusted trial balance is prepared.
4	An optional end-of-period work sheet is prepared.
5	Adjustment data are assembled and analyzed.
6	Adjusting entries are journalized.
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.

ekkarill92 answered 1 year ago

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