Question: Rearrange the following steps of the accounting cycle in proper sequence.
a. Adjusting entries recorded in the journal are posted to the ledger accounts.
b. Closing entries are prepared and recorded in the journal.
c. An unadjusted trial balance is prepared.
d. A post-closing trial balance is prepared.
e. Transactions are analyzed from source documents and are recorded in the journal using the rules of debit and credit.
f. Adjustment data are assembled and analyzed.
g. Transactions recorded in the journal are posted to the ledger accounts.
h. Adjusting entries are prepared and recorded in the journal.
i. The financial statements are prepared.
j. Closing entries recorded in the journal are posted to the ledger accounts.
k. An adjusted trial balance is prepared.