About accounting cycle

Resource: WileyPLUS-Powerpoints and Textbook

Read chapter 1-5 and review powerpoin presentation then write a paper about accounting cycle.The following is the summary of accounting cycle. Under each step you need to describe the topic and insert or attach a sample.

Your paper should contains 500-750 words and should be written in APA format.

Summary of the Accounting Cycle

1. Analyze business transactions

2. Journalize the transactions

3. Post to ledger accounts

4. Prepare a trial balance

5. Journalize and post adjusting entries:

Deferrals/Accruals

6. Prepare an adjusted trial balance

7.Prepare financial statements

8.Journalize and Post Closing entries

9.Prepare a post-closing trial balance