Which of the following is the proper sequence of the accounting cycle?

1. ARecording of Transaction → Journal → Ledger → Trial Balance → Adjusted Trial Balance → Adjustment Entries → Closing Entries → Financial Statement
2. BRecording of Transaction → Journal → Ledger → Trial Balance → Adjustment Entries → Adjusted Trial Balance → Closing Entries → Financial Statement
3. CRecording of Transaction → Journal → Ledger → Trial Balance → Adjustment Entries → Closing Entries → Adjusted Trial Balance → Financial Statement
4. DRecording of Transaction → Journal → Ledger → Trial Balance → Adjustment Entries → Adjusted Trial Balance → Financial Statement → Closing Entries