T Accounts
Vocabulary
Transactions
Lancer History
Potpourri
100
Debits on the left, credits on the...

right

100
A business owned by one person
proprietorship
100
Account to credit when paying in cash
Cash
100
What year was Abraham Lincoln High School founded?
1959
100
What does RTD stand for?
Regional Transportation District
200
The increase side of an account is the called the...
normal balance
200
Planning, recording, analyzing and interpreting financial information.
accounting
200
Account to credit when owner invests
owner's capital account
200
In what year did President Obama visit Abraham Lincoln High School?
2011
200
Which state is Eva Longoria from?
Texas
300
The normal balance of an asset account
debit
300
The principles of right and wrong that guide an individual in making decisions
ethics
300
Account to credit when owner withdraws cash
Cash
300
What team did the boys' basketball team beat to win the 2007 state championship?
Ralston Valley
300
Rihanna was born in this country
Barbados
400
The normal balance of a liability account
credit
400
A business activity that changes assets, liabilities, or owner's equity
transaction
400
Account to debit when paying cash for rent
Rent Expense
400
Which Lincoln alum was named the PAC-12's men's basketball player of the year?
Jorge Gutierrez
400
Last time Chicago Cubs won the World Series
1908
500
All accounts are given unique numbers and organized using this
chart of accounts
500
Assets taken out of a business for the owner's personal use
withdrawals
500
Account to credit when selling a service
Sales
500
Which successful Lincoln alum created the Denver Scholarship Foundation?
Tim Marquez
500
Mr. Colestock's hometown
Fort Wayne, IN
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