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The General Journal and - MCCC

4-1 The General Journal andthe General LedgerSection 1: The General JournalChapter4 Section transactions in the General compound Journal 2009 The McGraw-Hill Companies, Inc. All rights Accounting CycleStep 1 Analyze transactionsStep 2 Journalize the data about transactionsStep 7 Record closing entriesStep 3 Post the data about transactionsStep 4 Prepare a worksheetStep 5 Prepare financial statementsStep 6 Record adjusting entriesStep 8 Prepare a postclosing trial balanceStep 9 Interpret the financial informationStep 1 Analyze transactionsStep 2 Journalize the data about transactions4-4 A Journal is a diary of business activities.

4-3 The Accounting Cycle Step 1 Analyze transactions Step 2 Journalize the data about transactions Step 7 Record closing entries Step 3 Post the Step 4

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