This exercise will review the proper sequence of the required steps in the accounting cycle.
The required steps in the accounting cycle are listed in random order below.
| a. | Prepare an adjusted trial balance. |
| b. | Analyze business transactions. |
| c. | Prepare a post-closing trial balance. |
| d. | Prepare a trial balance. |
| e. | Prepare financial statements. |
| f. | Post to ledger accounts. |
| g. | Journalize and post adjusting entries. |
| h. | Journalize and post-closing entries. |
| i. | Journalize the transactions. |
Instructions
Indicate the proper sequence of the steps by numbering them “1,” “2,” and so forth in the spaces provided.
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