Medley I
Normal Balance is Debit.
What is an Asset?
M1
What is a memo?
What are debit supplies and credit cash?
Left Side = Right Side
What is Asset = Liabilities + Owner's Equity?
Black + White=
What is gray?
Asset = Liabilities + Owner's Equity
What is the accounting equation?
C3
What is a check?
Received cash for sales. What is the journal entry? Write the debit first.
What is debit cash and credit sales credit ?
Making money from sales or products.
What is account receivable?
What is Memphis, TN county?
Money is withdrawn for personal use.
What is drawing?
R5
What is a receipt?
Bought equipment on account from Williams Equipment. Write the debit first.
What is debit Account Payable-Williams Equipment and sales credit?
Buy now and pay later,
What is Account Payable?
DOJ
What is the Department of Justice?
I analyze, inspect, verify and report financial transactions and statements.
What is Accounting?
T13
What is a calculator tape?
Paid on the account of Williams Equipment. Write the journal entry with the debit first.
What is debit Williams Equipment and credit cash?
Investing in a business.
What is capital?
FDIC
What is Federal Deposit Insurance Corporation?
Mark Cohn investment $10,000 in Cohn Graphic System? What is the transaction to be recorded?
What is debit cash and credit general?
What are source documents?
Jack invested $10000.
What is debit cash and general credit?
Pay for working.
What is a paycheck?
NaCI
What is sodium chloride?