3.1
Amounts owed to creditors; the
claims of creditors to the assets of
a business.
Liabilities
A subdivision under assets, liabilities, or owner’s equity is an a____________
Account
Income earned from the sale of goods or services.
Revenue
The term "Zombies" used to be owned by this major comic company
Marvel
What is the largest mammal on earth
Blue Whale
A legal right to property.
Financial Claim
The total amount of money owed to a business—money to be received later because of the sale of goods or services on credit.
Accounts Receivable
The cost of products or services used to operate a business.
Expenses
On average the most productive day of the workweek is ____________
Tuesday
Which is the tallest and fastest growing type of grass?
Bamboo
A bike cost $100 and we took out a $20 loan on the bike. Which amounts go in Assets, Liabilities, then Equity
100=20+80
The amount owed, or payable, to the creditors of a business.
Liability/debt/credit
When the owner takes cash or other assets from the business for personal use it, it is called a w_________
withdrawal
This company has the most followers of any retailer on Instagram. (Starts with a V)
Victoria's Secret
Which planet is often referred to as Earth’s “sister planet” due to its similar size and composition?
Venus
The financial claim is shared when a c________ lets us borrow money to make a purchase
An economic event that causes a change—either an increase or decrease—in assets, liabilities, and/or owner’s equity is a b___________ t______________
Business Transaction
A business owner invests $12,000 cash in the business. Identify the 2 accounts affected
Cash and Equity
C____ ______ logo can be recognized by 94 percent of the world’s population.
Coca-Cola
When in groups, this jungle animal is referred to as an ambush. What kind of animal is this?
Tigers
The accounting term for the financial claim to assets.
Equity
Christa Vargas transferred two telephones valued at $200 each from her home to the business which 2 accounts or overall categories are being affected
Equipment and Capital or Assets and Equity
Assets: Cash in Bank $9,500; Accounts Receivable $500; Computer Equipment $3,500; Car Wash Equipment $75,000; Building $450,000
Liabilities: Alto’s Equipment Service $2,500; First National Bank (mortgage on building) $200,000
336,000
Which industry can no longer display any branding on its packaging?
Tobacco
How many hearts does a worm have?
5