Arrange the following information in the sequence of accounting cycle: (a) Posting to the ledger, (b) Trial balance is prepared, (c) Business transaction takes place, (d) Income statement is prepared,...

Arrange the following information in the sequence of accounting cycle:

(a) Posting to the ledger,

(b) Trial balance is prepared,

(c) Business transaction takes place,

(d) Income statement is prepared,

(e) Closing entries are recorded, and

(f) Information is recorded in journal.