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List the following steps of the accounting cycle in their proper order. Steps Order 1. Summarize...

List the following steps of the accounting cycle in their proper order.

Steps Order
1. Summarize unadjusted ledger accounts and amounts in an unadjusted trial balance.
2. Use the adjusted trial balance to prepare financial statements.
3. Summarize adjusted ledger accounts and amounts in an adjusted trial balance.
4. Record adjustments to bring account balances up to date.
5. Create the post-closing trial balance.
6. Posting the debits and credits from the journal in the ledger.
7. Journalizing business events and transactions.
8. Analyzing business events and transactions.
9. Journalize and post journal entries to close temporary accounts.
Business   Accounting   
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Answer #1
Steps Order
1 Summarize unadjusted ledger accounts and amounts in an unadjusted trial balance. 4
2 Use the adjusted trial balance to prepare financial statements. 7
3 Summarize adjusted ledger accounts and amounts in an adjusted trial balance. 6
4 Record adjustments to bring account balances up to date. 5
5 Create the post-closing trial balance. 9
6 Posting the debits and credits from the journal in the ledger. 3
7 Journalizing business events and transactions. 2
8 Analyzing business events and transactions. 1
9 Journalize and post journal entries to close temporary accounts. 8
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