Chapter 5 – TheWorksheets.CoM – Page 2

Chapter 5 • Adjustments and the Worksheet - Houston Community College

Journalizing and posting the adjusting entries is the sixth step in the accounting cycle. A review of the steps in the accounting cycle covered so far: Step 1. Analyze transactions. Step 2. Journalize transactions. Step 3. Post the journal entries. Step 4. Prepare a worksheet. Step 5. Prepare financial statements.