Question: Using numbers 1 to 10 (1 is the beginning) put the following statements in the correct order based on the steps in the accounting cycle.

Using numbers 1 to 10 (1 is the beginning) put the following statements in the correct order based on the steps in the accounting cycle.

_____ Prepare a trial balance.

_____ Post journal entries to the general ledger.

_____ Prepare the balance sheet.

_____ Record adjusting entries in the general journal.

_____ Prepare a post-closing trial balance.

_____ Analyze source documents.

_____ Prepare the income statement.

_____ Record journal entries in the general journal or subsidiary journals.

_____ Post adjusting entries to the general ledger.

_____ Record closing journal entries.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!