The Steps in the Accounting Cycle

Arrange the steps in their proper order as they should occur in the accounting cycle. Put the letter of the statement on the line by the step in the cycle.

____
Step 1
A..prepare financial statements
____
Step 2
B..prepare a post-closing trial balance
____
Step 3
C..post from the journal to the ledger
____
Step 4
D..prepare a source document from a transaction
____
Step 5
E..journalize and post closing entries
____
Step 6
F..analyze and journalize transactions
____
Step 7
G..journalize and post adjusting entries
____
Step 8
H..complete a worksheet
____
Step 9
I..prepare a trial balance


The Steps in the Accounting Cycle

[Answer Key]
D
Step 1
A..prepare financial statements
F
Step 2
B..prepare a post-closing trial balance
C
Step 3
C..post from the journal to the ledger
I
Step 4
D..prepare a source document from a transaction
H
Step 5
E..journalize and post closing entries
A
Step 6
F..analyze and journalize transactions
G
Step 7
G..journalize and post adjusting entries
E
Step 8
H..complete a worksheet
B
Step 9
I..prepare a trial balance in the worksheet