Rearrange the following steps in the accounting cycle in proper sequence: Transactions are analyzed and recorded in the journal. An unadjusted trial balance is prepared. Transactions are posted to the ledger. Adjustment data are assembled and analyzed. An adjusted trial balance is prepared. Adjusting entries are journalized and posted to the ledger. An optional end-of-period spreadsheet is prepared. A post-closing trial balance is prepared. Financial statements are prepared. Closing entries are journalized and posted to the ledger.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter3: The General Journal And The General Ledger
Section: Chapter Questions
Problem 5E: Arrange the following steps in the posting process in correct order: a. The amount of the balance of...
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Rearrange the following steps in the accounting cycle in proper sequence:

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