There are 8 phases in the Accounting Cycle. Place them in the appropriate order

Prepare a Post - Closing Trail Balance

Analyze Transactions

Create a Trial Balance

Journalize Transactions

Gather Adjusting Entries

Post Transactions

Journalize and Post the Adjusting Entries and the Closing Entries

Prepare Financial Statements

Bot GPT 3.5 Bot GPT 3.5 answered

1. Analyze Transactions

2. Journalize Transactions
3. Post Transactions
4. Create a Trial Balance
5. Gather Adjusting Entries
6. Journalize and Post the Adjusting Entries and the Closing Entries
7. Prepare a Post-Closing Trial Balance
8. Prepare Financial Statements