Put the following the steps of the accounting cycle in the correct order

Prepare a post$-$closing trial balance.

Prepare financial statements $($Income Statement, Statement of Retained Earnings, Balance Sheet$).$

Make adjusting entries to account for accrued revenues$/$expenses and prepaid items.

Prepare an unadjusted trial balance.

Close temporary accounts by transferring their balances to the Retained Earnings account.

Analyze and record transactions in the journal.

Post journal entries to the general ledger accounts.$✓$

Prepare an adjusted trial balance.

Answer rating: 100% (QA)

Here are the steps of the accounting cycle in the correct order Analyze and record transactions in the journal Post journal entries to the general led... View the full answer