2. Jeopardy MONEY By Antonella Maccarone December 2004

3. Jeopardy Vocabulary Analyzing the Effect of Transactions Analyzing Accounting Practices Forms of Business 100 200 300 400 500

4. Credits That’s all folks. That’s all folks. Exit

5. Vocabulary $100 AN AMOUNT OWED BY A BUSINESS

6. Vocabulary $100 What is a liability?

7. VOCABULARY $200 AN EQUATION SHOWING THE RELATIONSHIP AMONG ASSETS, LIABILITIES, OR OWNER’S EQUITY

8. Category 1 $200 WHAT IS THE ACCOUNTING EQUATION

9. VOCABULARY $300 A business owned by one person

10. VOCABULARY $300 WHAT IS A SOLE PROPRIETORSHIP?

11. VOCABUALRY $400 THE SIDE OF THE ACCOUNT THAT IS INCREASED

12. VOCABULARY $400 WHAT IS THE NORMAL BALANCE?

13. VOCABULARY $500 A SALE FOR WHICH CASH WILL BE RECEIVED AT A LATER DATE

14. VOCABULARY $500 WHAT IS A SALE ON ACCOUNT?

15. Transactions $100 Transactions $100 RECEIVED CASH FROM SALES

16. $100 $100 WHAT IS CASH IS INCREASED AND CAPITAL IS INCREASED?

17. $200 $200 SOLD SERVICES ON ACCOUNT TO KIDS TIME

18. Category 2 $200 WHAT IS ACCOUNTS RECEIVABLE IS INCREASED AND CAPITAL IS INCREASED?

19. $300 $300 PAID CASH FOR RENT

20. $300 $300 WHAT IS CASH IS DECREASED AND CAPITAL IS DECREASED? OR RENT EXPENSE INCREASED

21. $400 $400 PAID CASH TO OWNER FOR PERSONAL USE

22. $400 $400 WHAT IS CASH IS DECREASED AND DRAWING IS INCREASED/ OR CAPITAL IS DECREASED

23. $500 $500 RECEIVED CASH ON ACCOUNT FROM KIDS TIME

24. Tranactions $500 What is cash is debited and accounts receivable is credited

25. $100 $100 WHEN A BUSINESS RECEIVES REVENUE SALES IS

26. $100 $100 WHAT IS INCREASED BY A CREDIT?

27. $200 $200 WHEN THE OWNER WITHDRAWS CASH THE OWNER’S DRAWING ACCOUNT IS

28. $200 $200 WHAT IS INCREASED BY A DEBIT?

29. $300 $300 WHEN you receive cash from sales the sales account is

30. $300 WHAT IS INCREASED BY A CREDIT?

31. $400 $400 WHEN YOU PAY CASH FOR INSURANCE INSURANCE IS

32. $400 $400 WHAT IS INSURANCE IS INCREASED ON THE DEBIT SIDE

33. $500 $500 WHEN YOU PAY CASH ON ACCOUNT TO LING MUSIC SUPPLIES,CASH IS

34. $500 $500 WHAT IS CASH IS DECREASED ON TE CREDIT SIDE

35. Category 4 $100 A BUSINESS OWNED BY ONE PERSON

36. $100 $100 WHAT IS A SOLE PROPRIETORSHIP?

37. $200 $200 AN ORGANIZATION WITH THE LEGAL RIGHTS OF A PERSON AND WHICH MAY BE OWNED BY MANY PEOPLE

38. $200 $200 WHAT IS A CORPORATION?

39. $300 $300 A BUSINESS IN WHICH TWO OR MORE PERSONS COMBINE THEIR ASSETS AND SKILLS

40. $300 $300 WHAT IS A PARTNERSHIP?

41. $400 $400 UNLIMITED LIABILITY

42. $400 $400 WHAT IS A CORPORATION? WHAT IS A CORPORATION?

43. $500 WHO SHOT HIS FRIEND ON A HUNTING TRIP?

44. $500 $500 WHO IS VICE PRESIDENT CHENEY?