2. Jeopardy Template By Carl Lyman © September 2001

3. Jeopardy Category1Category2Category3Category4 100 200 300 400 500

4. Credits  That’s all folks. Exit

5. Category 1 $100  A=L+OE

6. Category 1 $100  What is the Accounting Equation?

7. Category 1 $200  Accounts that are set to zero for the next accounting period

8. Category 1 $200  What are temporary accounts?

9. Category 1 $300  Tool used by accountants to analyze accounts

10. Category 1 $300  What is a T account?

11. Category 1 $400  Account that keeps track of the owner’s investment in the business

12. Category 1 $400  What is the capital account?

13. Category 1 $500  Entries made to match expenses used in the period they generated revenue

14. Category 1 $500  What are adjusting entries?

15. Category 2 $100  The difference between revenues and expenses when expenses are greater

16. Category 2 $100  What is net loss?

17. Category 2 $200  The right side of a t account

18. Category 2 $200  What is credit?

19. Category 2 $300  Normal balance

20. Category 2 $300  What is the increase side?

21. Category 2 $400  The left side of a t account

22. Category 2 $400  What is a debit?

23. Category 2 $500  Accounts listed on the income statement

24. Category 2 $500  What are revenues and expenses?

25. Category 3 $100  Accounts listed on the balance sheet

26. Category 3 $100  What are assets, liabilities and owner’s equity?

27. Category 3 $200  These accounts are the only ones listed on the post-closing trial balance

28. Category 3 $200  What are permanent accounts?

29. Category 3 $300  The transaction to record a sale on account

30. Category 3 $300  What is a debit to A/R and a credit to sales?

31. Category 3 $400  The account used to close revenues and expenses into

32. Category 3 $400  What is income summary?

33. Category 3 $500  The number of closing entries

34. Category 3 $500  What is four?

35. Category 4 $100  The number of adjusting entries

36. Category 4 $100  What is two?

37. Category 4 $200  Accounts with a normal debit balance

38. Category 4 $200  What are assets, withdrawal, and expenses?

39. Category 4 $300  Accounts with normal credit balances

40. Category 4 $300  What are Liabilities, Owner’s Equity and Revenue?

41. Category 4 $400  Increase the cash account

42. Category 4 $400  What is a debit?

43. Category 4 $500  The transaction when supplies are bought on account

44. Category 4 $500  What is a debit to supplies and a credit to A/P?