- List the major categories of accounts that would appear under assets, liabilities, and stockholder's equity on a classified balance sheet.
Rearrange the following steps in the accounting cycle in proper order:
- Financial statements are prepared.
- An adjusted trial balance is prepared.
- Adjustment data are assembled and analyzed.
- Adjusting entries are journalized.
- Closing entries are journalized and posted to the ledger.
- An unadjusted trial balance is prepared.
- Transactions are posted to the ledger.
- Transactions are analyzed and recorded in the general journal.
- An optional end-of-period work sheet is prepared.
- A post-closing trial balance is prepared.
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