Question

The proper sequence for the steps in the accounting cycle is as follows:

 

1. analyze and record transactions, post-transaction to the ledger, prepare a trial balance, prepare financial statements, journalize closing entries, analyze adjustment data and prepare to adjust entries

2. prepare a trial balance, analyze adjustment data, prepare to adjust entries,  prepare financial statements, journalize closing entries and post to the ledger, analyze and record transactions, post transactions to the ledger

3. analyze and record transactions, post transactions to the ledger, prepare a trial balance, analyze adjustment data, prepare to adjust entries,  prepare financial statements, journalize closing entries and post to the ledger

4. prepare financial statements, journalize closing entries and post to the ledger, analyze and record transactions, post transactions to the ledger, prepare a trial balance, analyze adjustment data, prepare to adjust entries.