Explain each step of the accounting cycle of a company. Describe at least one transaction that would occur.?

I have the understanding of the accounting cycle, I just dont understand how to add in the transactions or where to find some type of information. I can choose any company. This is my first accounting class and i am just looking for some help. I appricate all you help before hand.
Thanks

1) Transactions are analized and recorded in the journal.
This is wher you keep track of the daily operation of the business.
Example:
dr cash 5,000.
cr fees earned 5,000.

dr supplies 1,000.
cr cash 1,000.

etc.

2) Post transactions to the ledger. Each journal entry has to be posted to the ledger. The ledger is where totals of each account are found. A simple form of ledger is a T account.

3) At the end of a period, a trial balance is prepaired. The totals from the ledger are assembled on a work sheet starting with your assets and ending with expenses. The debits and credits must equal. Follow across the columns of the work sheet in order: adjustments, adjusted trial balance, income statement, and balance sheet. A work sheet to an accountant is like scrap paper but with a definate order. All information can be obtained from the completed worksheet to finish the rest of the cycle.

4) Formal statements are prepaired in order: Income statement, statement of owners equity and balance sheet.

5) Adjusting entries are journalized and posted to the ledger.

6) Closing entries are journalized and posted to the ledger.

7) A post closing trial balance is prepaired.

This procedure leaves revenue, expenses and drawing with zero balances. All that remains in the post closing trial balance are the balance sheet accounts: assets, liabilities and capital.

The only differences you will see between the work sheet and the formal statements is where the balance sheet is concerned. The balance sheet portion of the work sheet shows the drawing account because it is a contra capital account. In the statement of owners equity, the drawing rolls into capital, (notice I didn't say closes. It closes during closing entries), and the capital will reflect this reduction. This new capital amount is what is used in the formal balance sheet.

It is impractical to try and show a transaction or example of each of the seven parts of this cycle. It would be best to use your book and follow the cycle all the way through by a given example.

There's a lot of information here. I hope it helps.