Read chapter 1-5 and review PowerPoint 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 forma
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
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