The Accounting Cycle
Step 10
Post closing
trial balance
Step 1
Identify and
analyze
transactions
Step 2
Step 9
Journal
entries for
transactions
Closing
entries
Step 8
Step 3
Prepare
financial
statements
Post
journals to
ledgers
Step 4
Step 7
Prepare an
unadjusted
trial balance
Adjusted
trial balance
Step 6
Record
adjusting
journal
entries
Step 5
Prepare
worksheet
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