Answer:
b. analyze and record transactions, post transactions to the ledger, prepare a trial balance, analyze adjustment data, prepare adjusting entries, prepare financial statements, journalize closing entries and post to the ledger, and prepare a post-closing trial balance
Explanation:
The first step involves basic recording of the financial transactions, after that the company posts each transactions into ledgers, which provide balance for trial balance accounts.
And thus, the trial balance is then prepared.
After the preparation of trial balance, the adjusting figures are made.
After that the financial statements are prepared and then the closing entries for the data prepared on adjusted entries is recorded.
After that the closing trial balance with all the closing balance (adjusted) is prepared to counter check.
