The Office Webisodes - The Accountants - #1 The Books Don't Balance
Second Step: Journalize
Record transactions into a General Journal
Fourth Step: Prepare a Worksheet
This is a summary of the of the journal and shows adjustments made.
Sixth Step: Journalize Adjusting and Closing Entries
This is the end of the accounting cycle where the accounts get ready for the next cycle to close out non-permanent accounts.
Last Step: Prepare Post-Closing Trial Balance
This is a summary showing all the accounts have transitioned over to a new cycle.