Rearrange the following steps in the accounting cycle in proper sequence: a. A post-closing trial balance is prepared. b. Adjustment data are asssembled and analyzed. c. Adjusting entries are journalized and posted to the ledger. d. An adjusted trial balance is prepared. e. An optional end-of-period spreadsheet is prepared. f. An unadjusted trial balance is prepared. g. Closing entries are journalized and posted to the ledger. h. Financial statements are prepared. i. Transactions are analyzed and recorded in the journal. j. Transactions are posted to the ledger.

Question

01-10-2019
Business

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Rearrange the following steps in the accounting cycle in proper sequence: a. A post-closing trial balance is prepared. b. Adjustment data are asssembled and analyzed. c. Adjusting entries are journalized and posted to the ledger. d. An adjusted trial balance is prepared. e. An optional end-of-period spreadsheet is prepared. f. An unadjusted trial balance is prepared. g. Closing entries are journalized and posted to the ledger. h. Financial statements are prepared. i. Transactions are analyzed and recorded in the journal. j. Transactions are posted to the ledger.

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jocelynchamberlin1 jocelynchamberlin1 · Answer 1 · 2019-10-02T04:29:00+02:00

Answer:1. Transactions are analyzed and recorded in the journal. 2. Transactions are posted to the ledger 3. In an adjusted trial that balance is prepared 4. Adjustment data are assembled and analyzed 5. And optional end of period Spreadsheet is prepared 6. Adjusting entries are journalized and posted to the ledger 7. And adjusted trial balance is prepared 8. Financial statements are prepared 9. Closing entries are journalized and posted to the ledger 10. A post closing trial balance is prepared

Explanation:

Martebi Martebi · Answer 2 · 2021-10-05T12:58:13+02:00

The right arrangements are:

1. Transactions are analyzed andrecorded in the journal.

2. Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. Adjustment data are assembled and analyzed.

5. An optional end-of-period spreadsheet is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared.

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

The accounting cycle is simply defined as a combination of difference processes of accounting such as identifying, analyzing, and recording the accounting events of an organization.

from the above we can therefore say that the answer The right arrangements are:

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. Adjustment data are assembled and analyzed.

5. An optional end-of-period spreadsheat is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared.

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared

is correct

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