Arrangement of transaction flow in an accounting cycle.
The following is a list of the eight steps in the accounting cycle. Match the numbers 1 though 8 to the events below to indicate the sequence of the accounting cycle steps.
Prepare and adjusted trial balance
Prepare financial statements
Identify, analyze and record events in journal
Prepare post closing trial balance
Make closing entries in journal and post to ledger
Enter adjusting entries in journal and post to ledger
Post entries from journal to ledger
Prepare trial balance