Archive for June 27th, 2008

The Accounting Cycle

Friday, June 27th, 2008

1. Gather the Documents

2. Analyze and Record

3. Post to the Ledger

4. Prepare a Trial Balance

5. Prepare a Worksheet for Adjustments & Financial Statements

6. Prepare the Financial Statements

7. Journalize & Post the Adjusting Entries

8. Journalize & Post the Closing Entries

9. Prepare the Post Closing Balance

10. Journalize and Post the Reversing Entries