Answer:
B.
Step-by-step explanation:
The name given to the collective process of recording and processing the accounting events of the company is Accounting Cycle. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Accounting cylce steps:
-Transactions are analyzed and recorded in the journal.
-Transactions are posted in the ledger.
-An unadjusted trial balance is prepared.
-OPTIONAL, an end of period spreadsheet is prepared.
-Adjuntsting entries are journalized and posted to the ledger.
-An adjusting trial balance is prepared.
-Financial statements are prepared.
-A post closing trial balance is prepared.