Monday, May 30, 2016

Indicate the proper sequence of the steps in the accounting cycle by placing numbers 1-8 in the blank spaces.

Indicate the proper sequence of the steps in the accounting cycle by placing numbers 1-8 in the blank spaces. 

____    a.    Analyze business transactions. 
____    b.    Journalize and post adjusting entries.
  ____    c.    Journalize and post closing entries. 
____    d.    Journalize the transactions.
 ____    e.    Prepare a post-closing trial balance.
 ____    f.    Prepare a trial balance.
  ____    g.    Prepare financial statements.
  ____    h.    Post to ledger accounts.                                       

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