The proper sequence of events for the accounting cycle is:
A)Journalize, post, trial balance, adjusting entries, financial statements, and closing entries
B)Journalize, post, trial balance, adjusting entries, closing entries, and financial statements
C)Journalize, post, adjusting entries, trial balance, closing entries, and financial statements
D)Trial balance, adjusting entries, journalize, post, closing entries, and financial statements

Question

Quizplus · Accepted Answer

The correct sequence for the accounting cycle starts with journalizing transactions, posting them to the ledger, preparing a trial balance, making adjusting entries, preparing financial statements, and finally making closing entries.

The Proper Sequence of Events for the Accounting Cycle Is