Step 1: Analyze transactions

Step 2: Journalize the transaction

Step 3: Post the journal entries

Step 4: Prepare a worksheet

Step 5: Prepare financial statements

Step 6: Journalize and post the adjusting entries

Step 7: Journalize and post the closing entries

Step 8: Prepare a postclosing trial balance

Step 9: Interpret the financial information

Select three of those steps and outline their importance to the overall process. Please provide detail in each item you select.

1. Your textbook outlines 9 steps in the accounting cycle. Select three of those steps and outline their importance to the overall process. Provide detail in each item your select