The steps in the accounting cycle are listed in random order. Fill in the blank next to each step to indicate its order in the cycle. The first step in the cycle is filled in as an example.
Order Procedure ______________________________________
________ Prepare a work sheet.
________ Close the accounts.
___ 1___ Collect and analyze information from source documents.
________ Prepare financial statements.
________ Post transactions to accounts in the ledger.
________ Record and post adjustments.
________ Journalize daily transactions.