BUS 101
Accounting Jeopardy…
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Today’s Categories…
Cash
 Merchandising Organizations
 Accounting Terminology
 Financial Cents
 The Balance Sheet
 Which Statement?

Cash
Mdsing
Orgs
Actg
Terms
Financial
Cents
$100
$100
$100
$100
$100
$100
$200
$200
$200
$200
$200
$200
$300
$300
$300
$300
$300
$300
$400
$400
$400
$400
$400
$400
$500
$500
$500
$500
$500
$500
300
Team 1
1500
Team 2
Balance
Sheet
1500
Which
Statem’t?
Team 3
Cash - $100
Increases in any asset account are shown
on a T account’s:
What is Debit side?
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Cash - $200
Increases in any owner’s capital account
are shown on a T account’s.
What is “Credit side”?
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Cash - $300
A sale to a customer for which cash will be
received at a later date is recorded under.
What is “Accounts Receivable”?
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Cash - $400
When supplies are bought on account.
What is Assets increase; liabilities increase?
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Cash - $500
The beginning cash balance, zero. Total of
journal’s Cash Credit Column, $7,800.00.
Total of journal’s Cash Debit Column,
$9,350.00. The ending cash balance is.
What is “$1,550.00”?
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Merchandising - $100
When merchandise is purchased on
account.
What is “Purchases is debited; Accounts
Payable is credited?
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Merchandising $200
During a fiscal period, when a business
buys merchandise the transaction is
recorded under.
What is “Purchases”?
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Merchandising $300
A post-closing trial balance shows:
What is “That debits equal credits after
closing entries are posted”?
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Merchandising $400
If an employee who earns $5.00 an hour
has worked 5 hours of overtime and is
paid time-and-a-half of overtime, what
his/her overtime pay.
What is “$37.50”?
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Merchandising $500
When a company sells merchandise, it
credits this account for the cost of the
goods that went out the door with the
customer.
What is the Inventory account?
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Terminology $100
When the petty cash fund is replenished,
the balance of the petty cash account.
What is “Remains the same”?
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Terminology $200
Transferring information from a journal entry
to a ledger account is called.
What is “Posting”?
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Terminology $300
DAILY DOUBLE!!!
Terminology $400
The totals of the general amount columns
in a journal are.
What is “Not Posted”?
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Terminology $500
An example of a subsidiary ledger is.
What is “An Accounts Payable Ledger”?
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Financial “Cents” - $100
A net income results when.
What is “Total revenue is greater than
expenses”?
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Financial “Cents” - $200
The information needed for journalizing the
adjusting entries is obtained from the:
What is “Work Sheet’s Adjustments
Columns”?
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Financial “Cents” - $300
One adjustment made on a worksheet for
a merchandising business is:
What is “Merchandise Inventory”?
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Financial “Cents” - $400
The supplies inventory adjustment
includes a debit to Supplies Expense and a
credit to:
What is “Supplies”?
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Financial “Cents” - $500
In order to close Sales account:
What is “Debit Sales; credit Income
Summary”?
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Balance Sheet - $100
Account balances extended to the balance
sheet columns of a worksheet include.
What is “Cash, accounts payable, and
owner’s drawing”?
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Balance Sheet - $200
Allowance for Bad Debt appears under this
major section of the Balance Sheet.
What are “Assets”?
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Balance Sheet $300
Warranty Obligations appears under this
major section of the Balance Sheet.
What is the “Liabilities” section of the
Balance Sheet?
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Balance Sheet - $400
Unearned Revenue appears under this
major section of the Balance Sheet.
What is the “Liability” section of the Balance
Sheet?
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Balance Sheet - $500
A financial statement that reports the
financial condition of a business is a(n).
What is “The Balance Sheet”?
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Which Statement $100
Information needed for recording the
closing entries is obtained from:
What is “The Work Sheet’s Income
Statement Columns”?
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Which Statement $200
A columnar accounting form used to
summarize the general ledger information
needed to prepare financial statements is
a(n).
What is “Worksheet”?
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Which Statement $300
A financial statement showing the revenue
and expenses for a fiscal period is a(n).
What is “Income Statement”?
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Which Statement $400
A balance sheet is a financial statement
that reports.
What is “Assets, Liabilities, and Owner’s
Equity?
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Which Statement $500
Wages Payable to Employees appears on
this statement.
What is the Balance Sheet?
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Daily Double

Specify Your Wager!
Terminology --The federal tax paid by employees and
employers for old age, survivors,
disability and hospitalization insurance
is:
Terminology --The federal tax paid by employees and
employers for old age, survivors,
disability and hospitalization insurance
is:
What is “FICA tax”
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