Final answer:
The accounting processing cycle involves several steps, including analysis of the problem, recording transactions, posting to the ledger, and preparing an unadjusted trial balance.
Step-by-step explanation:
The accounting processing cycle consists of several steps that are followed during the accounting period. Step 1 is to analyze the problem and identify the given information. Step 2 involves recording the transactions in the journal. Step 3 is to post the transactions from the journal to the ledger. Step 4 includes preparing an unadjusted trial balance. These steps are essential in accurately recording and summarizing financial transactions.