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Start by recording all the transactions in the appropriate journals. This includes the cash receipts journal, cash disbursements journal, sales journal, purchases journal, and general journal.
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Post the entries from the journals to the general ledger. Each entry should be posted to the appropriate account and include the date, description, and amount.
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Prepare an unadjusted trial balance by listing all the accounts and their balances.
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Make any necessary adjusting entries to ensure that all expenses and revenues are properly recorded for the accounting period.
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After making the adjusting entries, prepare an adjusted trial balance.
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Use the adjusted trial balance to prepare the financial statements, including the income statement, statement of retained earnings, and balance sheet.
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Close the temporary accounts by transferring their balances to the permanent accounts.
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Prepare a post-closing trial balance to ensure that all the accounts have been properly closed and the balances are correct.

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The solved form accounting cycle is a step-by-step process followed by accountants to complete financial transactions and prepare financial statements.
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The solved form accounting cycle requires reporting of all financial transactions, adjustments, financial statements, and closing entries.
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