Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 42

Accounting cycle
From the following list of steps in the accounting cycle, identify what two steps are missing:
A. Transactions are analyzed and recorded in the journal.
B. Transactions are posted to the ledger.
C. An unadjusted trial balance is prepared.
D. An optional end-of-period spreadsheet is prepared.
E. Adjusting entries are journalized and posted to the ledger.
F. An adjusted trial balance is prepared.
G. Financial statements are prepared.
F. A post-closing trial balance is prepared.