Show:
Terms
Account Balances
Steps of the Accounting Cycle
Transactions
Miscellaneous ?
100
Planning, recording, analyzing, and interpreting financial information.
Accounting
100
What is balance and type of account for cash?
Debit, Asset
100
Step 2- describe
journalize
100
Received cash from sales, $200
Cash- Debit 200 Sales- Credit 200
100
What colors are the jeopardy board?
Dark blue, with a black border, and yellow numbers.
200
A business that performs an activity for a fee and that is owned by one person
Sole proprietorship service business
200
What is the balance and account type for miscellaneous expense?
Debit, Owner's Equity
200
Step 3- Describe
Post
200
Paid cash for miscellaneous expense $250
Cash credit $250 Miscellaneous Expense Debit 250
200
What does the boogeyman check for underneath his bed every night?
Chuck Norris
300
A busines paper from which information is obtained for a journal entry
Source document
300
What is the balance and account type for accounts payable?
Credit, Liability
300
What is step 6- describe?
Journalize adjusting and closing entries
300
Sold services to Matt Horn, $50.
Accounts Receivable- Matt Horn Debit $50 Sales- Credit 50
300
What is Mr. Ruiz's favorite greek yogurt?
Chobanni? I honestly do not know how to spell it.
400
This type of endorsement states what the funds must be used for
Restrictive endorsement
400
What is the balance and account type for drawing?
debit, owner's equity
400
What is step 4-describe?
Worksheet
400
Received cash from owner as investment $1000
Cash debit 1000 Capital credit 1000
400
What do you call an accountant seen talking to someone?
Popular
500
Accounts used to accumulate information until it is transferred to the owner's captial account
Temporary accounts
500
What is the balance and account type for petty cash?
Debit, Asset
500
What is step 5-describe?
financial statements- IS, SC, BS
500
Replenished petty cash fund, miscellaneous expense $25, Repairs $50, and supplies $125
Miscellaneous Expense debit 25 Repairs expense debit 25 Supplies debit 125 Cash credit 175
500
What do accountant ninjas kick?
Assets