Textbook Problem

Accounting cycle

From the following list of steps in the accounting cycle, identify what two steps are missing:

a.    Transactions are analyzed and recorded in the journal.

b.    An unadjusted trial balance is prepared.

c.    Adjustment data are assembled and analyzed.

d.    An optional end-of-period spreadsheet is prepared.

e.    Adjusting entries are journalized and posted to the ledger.

f.    An adjusted trial balance is prepared.

g.    Closing entries are journalized and posted to the ledger.

h.    A post-closing trial balance is prepared.