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Arrange the steps of the accounting cycle in proper order

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Reference no: EM13520117

The following is a list of steps in the accounting cycle.

a. Post to the ledger
b. Close the accounts
c. Analyze transactions
d. Adjust the accounts
e. Prepare financial statements
f. Journalize transactions
g. Prepare a trial balance

Required:

1. Arrange the steps of the accounting cycle in proper order.

2. Explain what occurs at each step of the accounting cycle.

Reference no: EM13520117

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