accounting cycle steps

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9 Terms

1
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Analyzing transactions and events.

1

2
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Journalizing transactions and events.

2

3
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Posting journal entries to the ledger.

3

4
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Preparing the unadjusted trial balance

4

5
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Journalizing and posting adjusting entries.

5

6
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Preparing the adjusted trial balance.

6

7
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Preparing the financial statements.

7

8
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Journalizing and posting closing entries.

8

9
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Preparing the post-closing trial balance.

9