Question: Here are steps in the accounting cycle. (1) Prepare adjusting journal entries and an adjusted trial balance (2) Post entries to the general ledger (3)

Here are steps in the accounting cycle. (1) Prepare adjusting journal entries and an adjusted trial balance (2) Post entries to the general ledger (3) Prepare an unadjusted trial balance to determine if debts equal credits (4) Close revenues, gains, expenses and losses to Retained Earnings (5) Analyze transactions (6) Prepare a complete set of financial statements (7) Record journal entries in the general journal What is the correct order of steps in the accounting cycle? Multiple Choice (5)(7)(2)(3)(1)(6)(4) (5)(7)(2)(1)(3)(6)(4) (5)(7)(2)(3)(1)(4)6) (1)(2)(3)(4)(5)6)(7)

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