4. Indicate the proper sequence of the steps in the accounting cycle by placing numbers 1-8 in the blank spaces. a. Analyze business transactions. b. Journalize and post adjusting entries. c. Journalize and post closing entries. d. Journalize the transactions e. Prepare a post-closing trial balance. f. Prepare a worksheet. g Prepare financial statements h. Post to ledger accounts 5. Match the items below by entering the appropriate code letter in the space provided. F. Accrued revenues G. Depreciation H. Accumulated depreciation A. Time period assumption B. Fiscal year C. Revenue recognition principle D. Prepaid expenses I. Accrued expenses E. Expense recognition principle J. Book value 1. A twelve month accounting period 2. Expenses paid before they are incurred 3. Cost less accumulated depreciation 4. Divides the economic life of a business into artificial time periods 5. Efforts are related to accomplishments 6.A contra asset account 7. Recognition of revenue when it is recorded when earned 8. Revenues earned but not yet received 9. Expenses incurred but not yet paid 10. A cost allocation process