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Jeopardy MONEY

Jeopardy MONEY. By Antonella Maccarone December 2004. Jeopardy. Credits. That’s all folks. Exit. Vocabulary $100. AN AMOUNT OWED BY A BUSINESS. Vocabulary $100. What is a liability?. VOCABULARY $200. AN EQUATION SHOWING THE RELATIONSHIP AMONG ASSETS, LIABILITIES, OR OWNER’S EQUITY.

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Jeopardy MONEY

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  1. JeopardyMONEY By Antonella Maccarone December 2004

  2. Jeopardy

  3. Credits • That’s all folks. Exit

  4. Vocabulary $100 AN AMOUNT OWED BY A BUSINESS

  5. Vocabulary $100 What is a liability?

  6. VOCABULARY $200 AN EQUATION SHOWING THE RELATIONSHIP AMONG ASSETS, LIABILITIES, OR OWNER’S EQUITY

  7. Category 1 $200 WHAT IS THE ACCOUNTING EQUATION

  8. VOCABULARY $300 A JOURNAL WITH TWO AMOUNT COLUMNS IN WHICH ALL KINDS OF ENTRIES CAN BE RECORDED

  9. VOCABULARY $300 WHAT IS A GENERAL JOURNAL?

  10. VOCABUALRY $400 AN ENDORSEMENT INDICATING A NEW OWNER OF A CHECK

  11. VOCABULARY $400 WHAT IS A SPECIAL ENDORSMENT?

  12. VOCABULARY $500 CHANGES RECORDED ON A WORK SHEET TO UPDATE GENERAL LEGDER ACCOUNTS AT THE END OF A FISCAL PERIOD

  13. VOCABULARY $500 What are adjustments?

  14. $100 A FINANCIAL STATEMENT SHOWING THE REVENUE AND EXPENSES FOR A FISCAL PERIOD

  15. $100 WHAT IS THE INCOME STATEMENT?

  16. $200 A COLUMNAR ACCOUNTING FORM USED TO SUMMARIZE THE GENERAL LEDGER INFORMATION NEEDED TO PREPARE FINANCIAL STATEMENTS.

  17. Category 2 $200 WHAT IS A WORKSHEET?

  18. $300 A FINANCIAL STATEMENT THAT REPORTS ASSETS, LIABILITIES, AND OWNER’S EQUITY ON A SPECIFIC DATE

  19. $300 WHAT IS A BALANCE SHEET?

  20. $400 A REPORT OF DEPOSITS, WITHDRAWALS, AND BANK BALANCES SENT TO A DEPOSITOR BY A BANK

  21. $400 WHAT IS A BANK STATEMENT?

  22. $500 A PROOF OF EQUALITY OF DEBITS AND CREDITS IN A GENERAL LEDGER

  23. $500 WHAT IS A TRIAL BALANCE?

  24. $100 WHEN A BUSINESS RECEIVES REVENUE SALES IS

  25. $100 WHAT IS INCREASED BY A CREDIT?

  26. $200 WHEN THE OWNER WITHDRAWS CASH THE OWNER’S DRAWING ACCOUNT IS

  27. $200 WHAT IS INCREASED BY A DEBIT?

  28. $300 A NET LOSS IN ENTERED IN THE WORK SHEETS

  29. $300 WHAT IS INCOME STATEMENT CREDIT AND BALANCE SHEET CREDIT?

  30. $400 WHEN PREPARING A BALANCE SHEET, THE AMOUNT OF THE OWNER’S CAPITAL IS OBTAINED FROM

  31. $400 WHAT IS THE WORK SHEETS BALANCE SHEET CREDIT COLUMN?

  32. $500 A BALANCE SHEET REPORTS A BUSINESS FINANCIAL

  33. $500 WHAT IS CONDITION ON A SPECIFIC DATE?

  34. Category 4 $100 THE PROCEDURE FOR TRANSFERRING INFORMATION FROM A JOURNAL ENTRY TO A LEDGER ACCOUNT

  35. $100 WHAT IS POSTING?

  36. $200 THE JOURNAL ENTRY TO ADJUST SUPPLIES

  37. $200 WHAT IS DEBIT SUPPLIES EXPENSE AND CREDIT SUPPLIES?

  38. $300 TEMPORARY ACCOUNTS BEGIN EACH NEW FISCAL PERIOD WITH A

  39. $300 WHAT IS A ZERO BALANCE?

  40. $400 AFTER CLOSING ENTRIES ARE POSTED, THE OWNER’S CAPITAL ACCOUNT BALANCE SHOULD BE THE SAME AS

  41. $400 WHAT IS SHOWN ON THE BALANCE SHEET FOR THE FISCAL PERIOD?

  42. $500 THE JOURNAL ENTRY TO CLOSE INCOME SUMMARY WHEN THERE IS NET INCOME

  43. $500 WHAT IS DEBIT INCOME SUMMARY AND CREDIT OWNER’S CAPITAL?

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