The Following Are All the Steps in the Accounting Cycle

question 11

Essay

The following are all the steps in the accounting cycle. List them in the order in which they should be done.
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- Closing entries are journalized and posted to the ledger.
- An unadjusted trial balance is prepared.
- An optional end-of-period spreadsheet is prepared.
- A post-closing trial balance is prepared.
- Adjusting entries are journalized and posted to the ledger.
- Transactions are analyzed and recorded in the journal.
- Adjustment data are assembled and analyzed.
- Financial statements are prepared.
- An adjusted trial balance is prepared.
- Transactions are posted to the ledger.

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Definitions:

Aggressive Classmate

A student who exhibits hostile or violent behaviors towards others in the educational environment.

Social Skills Group

A therapeutic setting aimed at improving interpersonal abilities through interaction within a group context.

Impulsivity

A tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Blurting Out

Refers to the impulsive act of saying something suddenly and without careful consideration.