Download presentation
Presentation is loading. Please wait.
1
Famous Desserts! Accounting 1 Chapter 14 Last update: 4/19/15
2
Click to skip directions
Read each question. Click on the correct answer. If you are correct, you will automatically be taken to the next question. If you are incorrect, you will be returned to the beginning of the game. To end your game, click on the red button in the bottom right corner. Click here to begin the game.
3
A book that summarizes a controlling account in the ledger.
$1,000 Question A book that summarizes a controlling account in the ledger. Credit Memo Controlling account Subsidiary ledger
4
What a delicious answer!!! Let’s continue playing….
100% Correct! What a delicious answer!!! Let’s continue playing….
5
What a scrumptious dessert!!! But….you have chosen the wrong answer.
Back to the beginning for you!!!
6
$2,000 Question The source document prepared by the seller granting credit for damaged or returned merchandise. Credit memo Debit Memo Memo
7
Life without chocolate would be …… ugh!
What a great selection!!! Life without chocolate would be …… ugh! Let’s sweeten the dish.
8
$3,000 Question What is the name for an account that contains the balance for its subsidiary ledger? Subsidiary ledger Contra Account Controlling account
9
Let’s see if you can be a $4,000 winner.
Mmmmm strawberry… Way to choose the best!!!! Let’s see if you can be a $4,000 winner. How sweet it is!!!
10
$4,000 Question I am the discount offered to customers in order to encourage them to pay early. Cash discount Cash receipt Sales returns
11
In the world of so many delicious choices, you have chosen correctly!
You have won $4,000!!!
12
Sales Returns and Allowance has what type of normal balance?
$5,000 Question Sales Returns and Allowance has what type of normal balance? Debit Credit
13
You have great taste and so smart too!!!
Yummy!!!
14
$6,000 Question What is another name for unwanted merchandise that is sent back to the seller by the client? Sales allowances Sales returns Services
15
Magnifico! You are simply amazing! Yummy!!!
16
What is another name for a revenue account used by a retail business?
$7,000 Question What is another name for a revenue account used by a retail business? Fees Services Sales
17
And you just knock me off my board!
Wow! Chocolate! And you just knock me off my board! Let’s win more money.
18
$8,000 Question I am the name of the account that decreases the balance of a controlling account. Copycat account Controlling account Contra account
19
Are you getting hungry? I can see why with all the hard work you have been doing.
On to $9,000!
20
$9,000 Question I am a type of account that allows clients to purchase merchandise and then pay for it at a later date. Cash Sales Bankcard Sales Sales on account
21
Variety in life and an open mind will move you up the plate of success!
Food to Go!
22
$10,000 Question A record of the transaction as well as a listing of items purchased by a client. Sales slip Cash receipt Contra slip
23
Success comes in all forms, shapes and packages. Great job!
24
This type of business sells directly to the customer.
$13,000 Question This type of business sells directly to the customer. service retailer manufacturing
25
Such an ambitious hunger! Success comes one click at a time.
Movin’ on…
26
$15,000 Question This type of discount is given for damaged goods that are returned by a customer. Sales returns Sales allowance Sales accountability
27
Jumpin’ into the future…
Sometimes life is like an apple, and sometimes life is better served with a banana. Jumpin’ into the future…
28
$20,000 Question A percentage added to the price of a product that will be eventually paid to the state/city. Sales Tax Sales Percentage Inventory
29
Sweetness just makes the heart grow fonder! Yummy success!!!
Let’s win some more money!
30
$30,000 Question What is the controlling account for Sales Discount & Sales Returns & Allowances? Accounts Receivable Sales Tax Payable Sales
31
You have done well, I say! It is dessert time!!! You are a winner!
32
$40,000 Question I am the merchandise that a business has in-stock for resale. Inventory Merchandise Inventory Products
33
I hoping excited for you! Could you be any more right!
You win!
34
Merchandise Inventory
$50,000 Question The ledger used to break down balances for each client who buys on account. Merchandise Inventory AR Subsidiary Ledger AP Subsidiary Ledger
35
You light up the sky with your knowledge!
Way to go!!! You win!
36
Merchandise Inventory is classified as a(n) ____.
$60,000 Question Merchandise Inventory is classified as a(n) ____. Capital Liability Asset
37
Have some cake since you have done so well!
Got the munchies!!! Have some cake since you have done so well! On to $70,000!
38
When do you record a cash discount for items purchased on account?
$70,000 Question When do you record a cash discount for items purchased on account? Check received Check cashed Item purchased
39
On to bigger and better things
Chocolate Pizza for the best in you!!! On to bigger and better things
40
Merchandise Inventory has what type of normal balance?
$80,000 Question Merchandise Inventory has what type of normal balance? Debit Credit
41
Brownies nourish the spirit. You have won big time.
One for the road.
42
$90,000 Question When paying the sales tax to the state/city, Sales Tax Payable would be: Debited Credited
43
No monkeying around, you are most definitely good at what you do!!!
For $100,000
44
Sales Discount has what type of normal balance?
$100,000 Question Sales Discount has what type of normal balance? Debit Credit
45
Looking good! Just as good as these chocolate chips look!!!
For $100,000
46
Sales Tax Payable has what type of normal balance?
$200,000 Question Sales Tax Payable has what type of normal balance? Debit Credit
47
Movin’ to the next question.
Peanut butter and chocolate. Great combination! Movin’ to the next question.
48
Sales Returns & Allowances has what type of normal balance?
$300,000 Question Sales Returns & Allowances has what type of normal balance? Debit Credit
49
A little sweetness and we are on to the next question.
Let’s win $400,000!
50
Another name for a cash discount is:
$400,000 Question Another name for a cash discount is: Sales Returns Sales Allowances Sales Discount
51
Floating to the top of success. Awesome!
Game’s almost over!
52
$500,000 Question What do you call posting to both the A/R and the A/R Subsidiary Ledger? Double entry Double posting Double allowance
53
Way to swing into action!!!
A chocolate success story!!! Way to swing into action!!! One more question.
54
$1,000,000 Question A credit card that is backed by a bank and is accepted by most businesses. Credit card Sales card Bank card
55
Congratulations! You have won $1,000,000
56
Click here to re-start game
Famous Desserts! That’s all folks!!! See you next time on….. Click here to re-start game Hit Esc to exit game.
Similar presentations
