CCNA1 v3 Module 1 Course Chapter 1-4,6-8 JEOPARDY K. Martin

CCNA1 v3 Module 1 RouterModesWANEncapsulationWANServicesRouterBasicsRouterCommands RouterModesWANEncapsulationWANServicesRouterBasicsRouterCommands Chapter 1-2 Chapter 1-2 Chapter 3-4 Chapter 3-4 Chapter 6 Chapter 6 Chapter 7 Chapter 7 Chapter 8 Chapter 8 Random ► ► ► F i n a l J e o p a r d y ◄ ◄ ◄

CCNA1 v3 Module 1 Question What is the accounting equation? Chapter A: What is Assets + Liabilities = Owner’s Equity? CCNA1 v3 Module 1

Question A: What is to analyze transactions? What is a T-Account used for? CCNA1 v3 Module 1 Chapter

CCNA1 v3 Module 1 Question A: What is a DR: John White, Drawing and CR: Cash? The transaction wrote check to John White, Owner, for personal use, would result in which journal entry? CCNA1 v3 Module 1 Chapter

CCNA1 v3 Module 1 Question A: What is Income Statement – Profit? And Balance Sheet = Valuable?? What are the two financial statements and what do they say? CCNA1 v3 Module 1 Chapter

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a Cash, Drawing, Expenses, Supplies, AR, Prepaid Insurance? List 4 examples of accounts that have a normal debit balance. Chapter

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a collection of accounts? What is a general ledger. Chapter

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a Receipt A business form giving written acknowledgement for cash received is called. Chapter

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Posting? Chapter Transferring information from a journal entry to a ledger account.

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is an Invoice? What source document is used when buying something on account? Chapter

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is recording transactions into a journal? Chapter What is journalizing?

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Consistent Reporting? Same accounting procedures are followed in the same way each accounting period. Chapter 6 100

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is the length of time for which a business summarizes and reports financial information? Define Fiscal Period. Chapter 6 200

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Accounting Period Cycle? Accounting information is reported in a cycle. Chapter 6 300

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Work Sheet? “Scratch paper” used to create financial statements. Chapter 6 400

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a Draw a line through the incorrect amount, write the correct amount above and recalculate the balance? Procedure for correcting an incorrect amount. Chapter 6 500

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is the expectation that the business will operate indefinitely? Define Going Concern. Chapter 7 100

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Divide the amount of the component by the total amount of sales? Procedure to calculate component percentage. Chapter 7 200

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a Adjusting Entries? Journal entries used to update general ledger accounts. Chapter 7 300

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is information about elements of the accounting equation? What information does a balance sheet report? Chapter 7 400

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What are Name of Company, Name of Report, and Date of Report? Components of a balance sheet heading. Chapter 7 500

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What are Temporary Accounts? Accounts that are closed at the end of each fiscal period. Chapter 8 100

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What are Permanent Accounts? Accounts used to accumulate information across multiple fiscal periods. Chapter 8 200

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What are Adjusting Entries? Journal entries recorded to update general ledger accounts. Chapter 8 300

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What are Closing Entries? Journal entries used to prepare temporary accounts for a new fiscal period. Chapter 8 400

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is to summarize the closing entries for the revenue and expense accounts? What is the purpose of the income summary. Chapter 8 500

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is a Debit? What is the normal balance of an expense. Random 100

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is No Normal Balance? What is the normal balance of the income summary. Random 200

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is the Work Sheet? Where does the information needed to prepare an Income Statement come from. Random 300

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Adequate Disclosure? What is the concept when financial statements contain all information necessary to understand a business’s financial condition? Random 400

CCNA1 v3 Module 1 Question CCNA1 v3 Module 1 A: What is Double-Entry Accounting? Recording debit and credit parts of a transaction. Random 500

CCNA1 v3 Module 1 Question What is collect and verify source documents, analyze transactions, journalize, post to general ledger, prepare trial balance, prepare worksheet, prepare financial statements, adjusting entries, closing entries and prepare post-closing trial balance? List the 10 accounting equation steps Final Jeopardy CCNA1 v3 Module