Final answer:
In an accounting cycle, the step that takes place only at the end of the accounting period is journalize adjusting entries.
Step-by-step explanation:
In an accounting cycle, the step that takes place only at the end of the accounting period is d. journalize adjusting entries. Adjusting entries are made to record transactions that occur at the end of the accounting period, such as accrued expenses or prepaid expenses. These entries are necessary to ensure that the financial statements accurately reflect the company's financial position.