Step 1 Analyzing and Recording Transactions in the Journal

Step 2 Posting Transactions to the Ledger

Step 3 Preparing an Unadjusted Trial Balance

Step 4 Assembling and Analyzing Adjustments Data

Step 6 Journalizing and Posting Adjusting Entries

Step 7 Preparing and Adjusted Trial Balance

Step 8 Preparing the Financial Statement

EX4-1 Flow of accounts into financial statements

EX 4-2 Classifying accounts

EX 4-3 Financial statements from the end-of-period spreadsheet

EX 4-4 Financial statements from the end-of-period spreadsheet

EX 4-5 Income Statement

EX 4-6 Income statement net loss