Textbook Problem

Steps in the accounting cycle

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

1. a. A post-closing trial balance is prepared.
2. b. Adjustment data are asssembled and analyzed.
3. c. Adjusting entries are journalized and posted to the ledger.
4. d. An adjusted trial balance is prepared.
5. e. An optional end-of-period spreadsheet is prepared.
6. f. An unadjusted trial balance is prepared.
7. g. Closing entries are journalized and posted to the ledger.
8. h. Financial statements are prepared.
9. i. Transactions are analyzed and recorded in the journal.
10. j. Transactions are posted to the ledger.