The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence. a. Prepare a post-closing trial balance. select the proper step number b. Prepare an adjusted trial balance. c. Journalize and post-closing entries. d. Prepare financial statements.

e. Journalize and post adjusting entries.

f. Post to ledger accounts.

g. Prepare a post-closing trial balance.

h. Prepare an adjusted trial balance.

i. Analvze business transactions.

Correct sequence : First analyze the transaction then journalize and post adjusting entries then post to ledgers accounts then prepare adjusted trial balance then post closing trial balance then prepare financial statement.

Explanation:

Step# 01: suppose a business activity happens, an owner puts money in business of $10000 so bank or cash increases and capital increases

Dr bank 10000

Cr Capital 10000

Step#2: Journalize and post above entry in the system

Step#3: Create ledger of each account like above bank and capital,

Bank would be debit balance and capital would be credit balance.

Step#4: the prepare Adjusted trial balance by putting ending balance of bank and capital at the end of reporting date in a column one of debit side and another on credit side.

Step#5: After analyzing all accounts and adjusting entries prepare post closing trial balance and check both side of trial-balance are equal. both sides of trial balance shall be equal.

Step#6: Prepare financial statements that is profit and loss statements, Balance sheet, statement of changes in equity and notes to the financial statements.