CH 2-3
Ch 4-5
Ch 6-7
Ch 8-9
Ch 10-11
100
The amount of money earned after the costs of operating a business are paid
What is profit or net income
100
Office Furniture, Cash in Bank, Equipment
What are assets
100
Book of original entry
What is the general journal
100
decreases owner's equity (2 answers)
What are withdrawals and net loss
100
Accounts that start the new accounting period with a 0 balance
What are temporary accounts
200
To survive a business must (2 pieces)
What is earn a profit and invest excess profits
200
advertising, monthly rent, utilities
What are expenses
200
Normal Balance for Revenues
What is credit side
200
Account names are listed on the Worksheet in what order
What is chronological by account number
200
The final step in the accounting cycle
What is create a post closing trial balance
300
Type of business FORD
What is manufacturing business
300
Fees
What is revenues
300
permanent account organized by account number shows account balance
What is the general ledger
300
Amounts from the trial balance are extended to the _________ section first
What is the balance sheet section
300
If the business has a net income for the period the journal entry to close the income summary
What is debit income summary credit capital
400
Business transaction that involves a purchase on account
What is credit transaction
400
Melanie Nelson issued a check for $1,750 to buy store equipment. What account is debited? What account is credited?
What is Debit is Store Equipment, Credit is Cash in Bank
400
A check was written on April 15. It is being recorded today, April 17. The date used when recording the transaction is
What is April 15
400
_____ reports final balances of the permanent accounts?":
What is the balance sheet
400
Comparing the checkbook to the General ledger
What is proving cash
500
Accounting Assumptions (3)
What is going concern, accounting period, business entity
500
Equities refers to claims against assets of a business by (2 answers)
What are creditors and owners
500
is a series of activities a business completes over a period of time
What is the accounting cycle
500
________ is the same on all three financial statements
What is the time period covered
500
Where are bank service charges recorded be specific (where and how)
What is in the check book and general journal entry, debit misc exp credit CIB
Continue
ESC
Reveal Correct Response
Spacebar
M
e
n
u
Team 1
0
+
-
Jeopardy Midterm Ch 2-11
No teams
1 team
2 teams
3 teams
4 teams
5 teams
6 teams
7 teams
8 teams
9 teams
10 teams
Custom
Press
F11
Select menu option
View > Enter Fullscreen
for full-screen mode
Edit
•
Print
•
Download
•
Embed
•
JeopardyLabs