WileyPLUS-Powerpoints and TextbookRead chapter 1-5 and review powerpoin presentation then write a paper about accounting cycle.The following is the summary of accounting cycle. Under each step you need to describe the topic and insert or attacha sample.Your paper should contains 500-750 words and should be written in APA format.Summary of the Accounting Cycle1. Analyze business transactions2. Journalize the transactions3. Post to ledger accounts4. Prepare a trial balance5. Journalize and post adjusting entries:Deferrals/Accruals6. Prepare an adjusted trial balance7.Prepare financial statements8.Journalize and Post Closing entries9.Prepare a post-closing trial balance