The following is a list of steps in the accounting cycle.a. Post to the ledgerb.

The following is a list of steps in the accounting cycle.a. Post to the ledgerb. Close the accountsc. Analyze transactionsd. Adjust the accountse. Prepare financial statementsf. Journalize transactionsg. Prepare a trial balanceRequired:1. Arrange the steps of the accounting cycle in proper order.2. Explain what occurs at each step of the accounting cycle.