Final answer:
The correct sequence of steps in the accounting cycle is Journalized transactions posted to ledger, unadjusted trial balance, financial statements, closing entries, and post-closing trial balance; hence the answer is D, B, A, C, E.
Step-by-step explanation:
The correct order of steps in the accounting cycle is as follows:
- Journalized business transactions are posted to the ledger.
- An unadjusted trial balance is prepared.
- Financial statements are prepared.
- Closing entries are journalized and posted to the ledger.
- A post-closing trial balance is prepared.
Therefore, the answer reflecting the correct sequence is (d) D, B, A, C, E.