Answer:
1. Transactions are analyzed and recorded in the journal.
2.Transactions are posted to the ledger.
3. An unadjusted trial balance is prepared.
4. An optional end-of-period spreadsheet is prepared.
5. Adjusting entries are journalized and posted to the ledger.
6. An adjusted trial balance is prepared.
7. Record adjusting Entries
8. Financial statements are prepared.
9. Closing Entries
10. A post-closing trial balance is prepared.
Explanation:
Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing:
1. Transactions are analyzed and recorded in the journal.
2.Transactions are posted to the ledger.
3. An unadjusted trial balance is prepared.
4. An optional end-of-period spreadsheet is prepared.
5. Adjusting entries are journalized and posted to the ledger.
6. An adjusted trial balance is prepared.
7. Record adjusting Entries
8. Financial statements are prepared.
9. Closing Entries
10. A post-closing trial balance is prepared.
