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QS 3-22 Identifying the accounting cycle LO C2 List the steps of the accounting cycle in their proper order.
1. Analyzing transactions and events. Analyzing transactions and events. co Covo AWN Journalizing and posting adjusting entri
LLLLLL Posting the journal entries. Preparing the adjusted trial balance. Preparing the financial statements. Preparing the p
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Answer #1

Steps of the Accounting Cycle

Step-1) Analyzing transactions and events

Step-2) Journalizing the transactions and events

Step-3) Posting the Journal entries

Step-4) Preparing the unadjusted Trial balance

Step-5) Journalizing and posting adjusting entries

Step-6) Preparing the adjusted Trial balance

Step-7) Preparing the Financial statements

Step-8) Journalizing and posting Closing entries

Step-9) Preparing the Post-Closing Trial balance

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