A company's debts or financial obligations it incurred during business operations.
What is a Liability?
100
Chair of the accounting department
Who is Mohamed Gaber?
100
Where do we go for the spring semester trip?
Where is NYC?
100
What is the fundamental accounting equation?
What is Assets-Liabilities=Owner's Equity ?
100
Paid $5,000 as dividends.
Dividends 5,000
Cash 5,000
200
COGS
What is Cost of Goods Sold?
200
Which professor wears suspenders everyday?
Ed Lusk
200
How many credits do you need to get your CPA?
What is 150?
200
This account represents the amount of accounts receivable which management estimates will not be collectible?
What is allowance for doubtful accounts
200
Purchased office supplies costing $5,200 on account.
Office Supplies 5,200
Accounts Payable 5,200
300
GAAP
What is Generally Accepted Accounting Principles?
300
Where is Dr. Kameliia Petrova from?
What is Bulgaria?
300
Issued the first certified public accountant exam
What is New York?
300
Who's stock is CMG?
What is Chipotle?
300
Provided services to its customers and received $28,500 in cash.
Cash 28,500
Service Revenue 28,500
400
How you test to be sure the books are in balance before pulling together information for the financial reports and closing the books for the accounting period.
What is a Trial balance?
400
Who is from Michigan?
Who is Dr. Christopherson?
400
What are the Big Four?
What is Ernest & Young, KPMG, Deloitte and PWC?
400
When was SUNY Plattsburgh founded?
What is 1889?
400
Received $4,000 as an advance payment from customers.
Cash 4,000
Unearned Revenue 4,000
500
IFRS
What is International Financial Reporting Standards?
500
DOUBLE JEOPARDY!
What did Gaber get his master in beside accounting?
What is Philosophy ?
500
Name a musician who majored in accounting?
Who is Mick Jagger or Janet Jackson
500
Who is the president of SUNY Plattsburgh?
Who is John Ettling?
500
A check is written to pay the amount owed to Office Depot on account?