Order the following steps in the accounting process that focus on analyzing and recording transactions.

a. Prepare and analyze the trial balance.

b. Analyze each transaction from source documents.

c. Record relevant transactions in a journal.

d. Post journal information to ledger accounts.

Enter the number for the item that best completes each of the descriptions below.

1. Asset 3. Account 5. Three 2. Equity 4. Liability

a. Balance sheet accounts are arranged into general categories.

b. Common Stock and Dividends are examples of accounts.

c. Accounts Payable, Unearned Revenue, and Note Payable are examples of accounts.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of accounts.

e. A(n) is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.