ACCT 201 Principles of Financial Accounting
Practice Exam - Chapter 3
Reporting & Preparing Financial Statemens
Dr. Fred Barbee

Solution to Short-Problem #1


Short Problem #1

The following are steps in the accounting cycle. List them in the order in which they are completed

6 Preparing Adjusted Trial Balance
3 Posting
4 Preparing an Unadjusted Trial Balance
2 Journalizing
7 Preparing the Financial Statements
8 Closing the Temporary Accounts
5 Adjusting the Accounts
9 Preparing a Post-Closing Trial Balance
1 Analyze Transactions



Last Modified January 15, 2003