Analyze & Journalize (Open)
Identify the account:
Money owed by customers.
Accounts Receivable
Name 3 permanent accounts
Asset accounts, Liability accounts, and Capital accounts.
What is the boiling point of water in Celsius?
100 degrees
Which planet shares a name with the Greek god Hermes?
Mercury
What is Muhammad Ali’s real name?
Cassius Clay
What accounts are increased with a credit:
Cash, Revenue, Rent Expense, Accounts Receivable, Prepaid Insurance, Capital, Insurance Expense, Accounts Payable, Equipment.
Revenue, Capital, Accounts Payable
Which type of accounts are closed at the end of the accounting period?
Temporary Accounts
What is the largest desert in the world?
Antartica
Name all the Harry Potter books.
Sorcerers Stone, Prisoner of Azkaban, Chamber of Secrets, Goblet of Fire, Half-Blood Prince, Deathly Hallows.
Which company’s slogan is “You’re in good hands?”
Allstate
What is debited and credited?
Owner took out $10,000 for personal use?
Cash-Credit
Drawing-Debit
Which type of account would NOT appear on a post-closing trial balance?
Revenues and Expenses
What is the tallest animal in the world?
Giraffe
What is the best-selling book of all time?
The Bible
In bowling, three strikes in a row is called?
A Turkey
At month-end, $300 of supplies were used. What adjusting entry is required?
Debit Supplies Expense, Credit Supplies
Where would Dividends or Withdrawals appear on a post-closing trial balance?
They would not appear on a PCTB
Which element has the atomic number 1?
Hydrogen
How long is a marathon in miles?
26.2 miles
Which country originated the sport of curling?
Scotland
Received a full payment for a sale of $1,200 on May 20, 2026, R44.
How might we journalize this accurately?
Date: 5/20
Account Title: Check Mark
Doc Number: R44
Post Ref: Check Mark
Sales Credit: $1,200 Cash Debit: $1,200
A company forgets to close one expense account. What is the likely result?
The post-closing trial balance will be incorrect because a temporary account remains open
What was the animal and name of first animal cloned?
Dolly the Sheep
Which element has the chemical symbol "Pb"?
Lead
Some of our favorite collective nouns for animals include a congregation of alligators, a business of ferrets, an ostentation of peacocks and a parliament of what other animal?
Owls