Accounting Cycle

Question 1

Analyzing Transaction

Answer 1

Step 1

Question 2

Journalize Transaction

Answer 2

Step 2

Question 3

Post to the Ledger

Answer 3

Step 3

Question 4

Prepare a Trail Balance

Answer 4

Step 4

Question 5

Adjusting the Accounts

Answer 5

Step 5

Question 6

Prepare Financial Statement

Answer 6

Step 6

Question 7

Close the Accounts

Answer 7

Step 7