On December 31, 2019, the ledger of Lopez Company contained the following account balances:

All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal page number.
Following are the steps in the accounting cycle. Arrange the steps in the proper sequence.
1. Prepare a worksheet.
2. Record adjusting entries.
3. Analyze transactions.
4. Journalize the transactions.
5. Post the journal entries.
6. Record closing entries.
7. Interpret the financial information.
8. Prepare a post closing trial balance.
9. Prepare financial statements.

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Cash Accounts Recelvable Supplles Equipment Accumulated Depreclation Accounts Payable Marla Lopez, Capital 52,000 107,500 5.500 34,000 6,000 5,200 9,300 $66,000 Marla Lopez, Drawing 5,800 Fees Income 4.200 Depreclatlon Expense 52,000 Salarles Expense 5,000 Supplies Expense 6,000 Telephone Expense 121,500 Utilitles Expense