Final answer:
The steps of the accounting cycle in order are: 1) Identify and analyze transactions 2) Journalize transactions 3) Post to the ledger 4) Prepare a trial balance 5) Adjust entries 6) Prepare financial statements 7) Close the books 8) Prepare a post-closing trial balance
Step-by-step explanation:
- Identify and analyze transactions
- Journalize transactions
- Post to the ledger
- Prepare a trial balance
- Adjust entries
- Prepare financial statements
- Close the books
- Prepare a post-closing trial balance