Question

The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1–9. (a) Prepare a trial balance. select a number (b) Journalize the transactions. select a number (c) Journalize and post closing entries. select a number (d) Prepare financial statements. select a number (e) Journalize and post adjusting entries. select a number (f) Post to ledger accounts. select a number (g) Prepare a post-closing trial balance. select a number (h) Prepare an adjusted trial balance. select a number (i) Analyze business transactions. select a number

Answer 1

The listing of the steps in the accounting cycle in proper sequence is as follows:

1. (i) Analyze business transactions.

2. (b) Journalize the transactions.

3. (f) Post to ledger accounts.

4. (a) Prepare a trial balance.

5. (e) Journalize and post adjusting entries.

6. (h) Prepare an adjusted trial balance.

7. (d) Prepare financial statements.

8. (c) Journalize and post closing entries.

9. (g) Prepare a post-closing trial balance.

What is the accounting cycle?

The accounting cycle is the standard process that accountants use to identify, analyze, and record accounting events of an entity.

The first step is the analysis of a business transaction to identify the accounts involved.  Other steps follow sequentially as above.

Learn more about the accounting cycle at https://brainly.com/question/13408214