Show:
Basics
Special Journal (Cash)
Special Journal (On Account)
Randoms
Payroll
100
Balance Sheet, Income Statement, Cash Flow Statement are all examples of this
What is a financial statement
100
Journal where cash payments are made
What is Cash Payments
100
Journal where sale is made on account
What is Sales
100
The king of this class
What is cash
100
Federal Tax paid by employers and State tax paid by employers both used to pay benefits of unemployed workers
What is FUTA and SUTA
200
The "Accounting Equation" also represented by the balance sheet
What is balance sheet
200
Journal where cash is received
What is Cash Receipts
200
Journal where merchandise is bought on account
What is Purchase Journal
200
What is the first step of the accounting cycle?
What is analyze transaction
200
Name of the accounts for Total Earnings and Federal Income Tax
What is Salary Expense and Employee Income Tax Payable
300
These items provide a description of the transaction(s)
What is a source document
300
Source Doc for Cash Payment Journal
What is Check
300
Source Doc for sales journal
What is sales invoice
300
This type of account has an opposite effect on an account. Example Sales Returns and Allowances
What is contra account
300
Recorded employer payroll taxes expense, $757.01 for the semimonthly pay period ended Dec. 15. Taxes owed are: S.S. Tax $500.77, Medicare Tax $117.11, FUTA $17, SUTA $121. Memo 44. What account(s) are debited? What account(s) are credited?
What is debit Payroll Taxes Expense. Credit the rest
400
(Two Parts) This equation shows the profitability of a company over a certain period of time, usually expressed quarterly or annually. What is the equation?
What is Income Statement. Revenue - Expenses = Net Profit/Net Loss
400
Source Docs for cash receipt journal
What is Receipts, Terminal Summary
400
Source doc for purchase journal
What is purchase invoice
400
Who/What is in the A/R Subsidiary Ledger and A/R Subsidiary Ledger? (Looking for two answers)
What is customers and vendors
400
Paid cash for liability for employee income tax $1000, social security tax $2000, and medicare tax $500. Total $3500. Where and how would this be recorded?
What is Cash Payments. 3 debits and cash credit of total
500
Name the Special Journals. I'm looking for 4!
What is Sales, Purchases, Cash Payment, Cash Receipt Journal
500
Terminal Summary shows debit/credit card sales of $5000, $1200 sales tax, Total of $6200. What account is debited and/or credited
What is Debit Cash. Credit Sales & Sales Tax Payable
500
Sold $400 worth of goods on account to Bob's Builders. $25 Sales Tax brings total to $425. Journalize this transaction. Which account(s) are debited and/or credited?
What is Debit A/R Bob's Builder. Credit Sales & Sales Tax Payable
500
Name of the form used by employer showing the federal income tax, social security tax, and Medicare taxes owed to the government.
What is Form 941
500
Prior Earnings to Earnings for FUTA Accumulated Equal FUTA Current Pay Earnings Earnings Tax Base ($7000) Period $5260 $1740 $1494 (a) $1648 $5352 $2400 (b) $16089 $0.00 $1444 (c)
What is $1494, $2400, $0