Jeopardy MONEY

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JeopardyMONEY

• By Antonella Maccarone
• December 2004

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Jeopardy
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Credits

• Thats all folks.

Exit
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Vocabulary 100

• AN AMOUNT OWED BY A BUSINESS

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Vocabulary 100

• What is a liability?

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VOCABULARY 200

• AN EQUATION SHOWING THE RELATIONSHIP AMONG
  ASSETS, LIABILITIES, OR OWNERS EQUITY

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Category 1 200

• WHAT IS THE ACCOUNTING EQUATION

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VOCABULARY 300

• A business owned by one person

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VOCABULARY 300

• WHAT IS A SOLE PROPRIETORSHIP?

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VOCABUALRY 400

• THE SIDE OF THE ACCOUNT THAT IS INCREASED

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VOCABULARY 400

• WHAT IS THE NORMAL BALANCE?

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VOCABULARY 500

• A SALE FOR WHICH CASH WILL BE RECEIVED AT A LATER
  DATE

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VOCABULARY 500

• WHAT IS A SALE ON ACCOUNT?

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Transactions100

• RECEIVED CASH FROM SALES

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100

• WHAT IS CASH IS INCREASED AND CAPITAL IS
  INCREASED?

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200

• SOLD SERVICES ON ACCOUNT TO KIDS TIME

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Category 2 200

• WHAT IS ACCOUNTS RECEIVABLE IS INCREASED AND
  CAPITAL IS INCREASED?

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300

• PAID CASH FOR RENT

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300

• WHAT IS CASH IS DECREASED AND CAPITAL IS
  DECREASED?
• OR RENT EXPENSE INCREASED

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400

• PAID CASH TO OWNER FOR PERSONAL USE

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400

• WHAT IS CASH IS DECREASED AND DRAWING IS
  INCREASED/ OR CAPITAL IS DECREASED

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500

• RECEIVED CASH ON ACCOUNT FROM KIDS TIME

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Tranactions500

• What is cash is debited and accounts receivable
  is credited

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100

• WHEN A BUSINESS RECEIVES REVENUE SALES IS

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100

• WHAT IS INCREASED BY A CREDIT?

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200

• WHEN THE OWNER WITHDRAWS CASH THE OWNERS DRAWING
  ACCOUNT IS

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200

• WHAT IS INCREASED BY A DEBIT?

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300

• WHEN you receive cash from sales the sales
  account is

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300

• WHAT IS INCREASED BY A CREDIT?

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400

• WHEN YOU PAY CASH FOR INSURANCE INSURANCE IS

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400

• WHAT IS INSURANCE IS INCREASED ON THE DEBIT SIDE

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500

• WHEN YOU PAY CASH ON ACCOUNT TO LING MUSIC
• SUPPLIES ,CASH IS

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500

• WHAT IS CASH IS DECREASED ON TE CREDIT SIDE

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Category 4 100

• A BUSINESS OWNED BY ONE PERSON

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100

• WHAT IS A SOLE PROPRIETORSHIP?

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200

• AN ORGANIZATION WITH THE LEGAL RIGHTS OF A PERSON
  AND WHICH MAY BE OWNED BY MANY PEOPLE

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200

• WHAT IS A CORPORATION?

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300

• A BUSINESS IN WHICH TWO OR MORE PERSONS COMBINE
  THEIR ASSETS AND SKILLS

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300

• WHAT IS A PARTNERSHIP?

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400

• UNLIMITED LIABILITY

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400

• WHAT IS A CORPORATION?

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500

• WHO SHOT HIS FRIEND ON A HUNTING TRIP?

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500

• WHO IS VICE PRESIDENT CHENEY?