Charles Michaels

Accounting 1110
Wendy Gunn
October 10, 2016

In this assignment we had to go through the accounting cycle to

put together the financial statements. The accounting cycle always
should be followed in the correct order: 1. Analyze Transactions 2.
Journalize Transactions 3. Post Entries to the Ledger 4. Prepare
Unadjusted Trial Balance 5. Journalize and Post Adjusting Entries 6.
Prepare Adjusted Trial Balance 7. Prepare Financial Statements 8.
Journalize and Post Closing Entries 9. Prepare Post-Closing Trial
Balance. If you dont follow this order then you will not be able to
properly record and format the financial statements. This assignment
helped us to review and practice following the accounting cycle.