© Mark E. Damon - All Rights Reserved Directions: As you play the game, click on the TEXT DOLLAR AMOUNT that the contestant calls, not the surrounding.

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Presentation transcript:

© Mark E. Damon - All Rights Reserved

Directions: As you play the game, click on the TEXT DOLLAR AMOUNT that the contestant calls, not the surrounding box. When they have given a question, click again anywhere on the screen to see the correct question. Keep track of which questions have already been picked by printing out the game board screen and checking off as you go. Click on the “Game” box to return to the main scoreboard. Enter the score into the black box on each players podium. Continue until all clues are given. When finished, DO NOT save the game. This will overwrite the program with the scores and data you enter. You MAY save it as a different name, but keep this file untouched!

© Mark E. Damon - All Rights Reserved Round 1Round 2 Final Jeopardy P h i l l i p

© Mark E. Damon - All Rights Reserved Vocabulary Journalizing Analyzing Transactions True or False? Type of Source Documents 6 Steps to recording transactions in a journal $100 $200 $300 $400 $500 Round 2 Final Jeopardy Scores

© Mark E. Damon - All Rights Reserved $100 Another term used for “recording” a business transaction

© Mark E. Damon - All Rights Reserved $100 What is journalizing? Scores

© Mark E. Damon - All Rights Reserved $200 An all purpose journal used for recording business transactions

© Mark E. Damon - All Rights Reserved $200 What is a general journal? Scores

© Mark E. Damon - All Rights Reserved $300 An accounting period begins on January 1 and ends on December 31

© Mark E. Damon - All Rights Reserved $300 What is a calendar year? Scores

© Mark E. Damon - All Rights Reserved $400 An accounting period of 12 months ending on the last day of any month except December.

© Mark E. Damon - All Rights Reserved $400 What is a fiscal year? Scores

© Mark E. Damon - All Rights Reserved $500 Often called a book of original entry.

© Mark E. Damon - All Rights Reserved $500 What is a journal? Scores

© Mark E. Damon - All Rights Reserved $100 The type of source document prepared depends upon the nature of the transaction

© Mark E. Damon - All Rights Reserved $100 What is true? Scores

© Mark E. Damon - All Rights Reserved $200 Dollar signs, commas, and decimals are not used when entering amounts in the journal.

© Mark E. Damon - All Rights Reserved $200 What is true? Scores

© Mark E. Damon - All Rights Reserved $300 Since the debit and credit amounts must equal, the order in which the account titles are recorded in the general journal does not matter.

© Mark E. Damon - All Rights Reserved $300 What is false? Scores

© Mark E. Damon - All Rights Reserved

$400 A fiscal period may be 1 month, 3 months, 6 months or even 1 year, but usually it is 1 year.

© Mark E. Damon - All Rights Reserved $400 What is true? Scores

© Mark E. Damon - All Rights Reserved $500 To verify a source document means to check the accuracy of the information on it.

© Mark E. Damon - All Rights Reserved $500 What is true? Scores

© Mark E. Damon - All Rights Reserved $100 Paid the current month’s rent bill of $500.

© Mark E. Damon - All Rights Reserved $100 What is a check stub? Scores

© Mark E. Damon - All Rights Reserved $200 Purchased $200 worth of supplies on account from Staples.

© Mark E. Damon - All Rights Reserved $200 What is an invoice? Scores

© Mark E. Damon - All Rights Reserved $300 Invested a computer in the business, the computer is valued at $1,000.

© Mark E. Damon - All Rights Reserved $300 What is a memorandum? Scores

© Mark E. Damon - All Rights Reserved $400 Received cash from a customer on account $150.

© Mark E. Damon - All Rights Reserved $400 What is a receipt? Scores

© Mark E. Damon - All Rights Reserved $500 Made a payment on account to Staples.

© Mark E. Damon - All Rights Reserved $500 What is a check stub? Scores

© Mark E. Damon - All Rights Reserved $100 Enter the date of the transaction in the Date column

© Mark E. Damon - All Rights Reserved $100 What is the first step? Scores

© Mark E. Damon - All Rights Reserved $200 Write a brief reference to the source document or description, indented from the account credited.

© Mark E. Damon - All Rights Reserved $200 What is the 6th step? Scores

© Mark E. Damon - All Rights Reserved $300 Record the amount of the debit.

© Mark E. Damon - All Rights Reserved $300 What is the 3 rd step? Scores

© Mark E. Damon - All Rights Reserved $400 Record the title of the account to be debited.

© Mark E. Damon - All Rights Reserved $400 What is the second step? Scores

© Mark E. Damon - All Rights Reserved $500 Record the name of the account to be credited, indented from the left edge of the description column and then record the amount of the credit.

© Mark E. Damon - All Rights Reserved $500 What are steps 4 & 5? Scores

© Mark E. Damon - All Rights Reserved $100 Jon Wolf invested $10,000 in the business.

© Mark E. Damon - All Rights Reserved $100 What is Cash in Bank, debit, asset increase Jon Wolf, Capital, credit, owner’s equity, increase? What is Cash in Bank, debit, asset increase Jon Wolf, Capital, credit, owner’s equity, increase? Scores

© Mark E. Damon - All Rights Reserved $200 Wrote a check for $100 in payment to the Intelligencer for the weekly advertisement.

© Mark E. Damon - All Rights Reserved $200 What is Advertising Expense, debit, expense, increase Cash in bank, credit, asset decrease? What is Advertising Expense, debit, expense, increase Cash in bank, credit, asset decrease? Scores

© Mark E. Damon - All Rights Reserved $300 Received $300 for professional services completed for a client.

© Mark E. Damon - All Rights Reserved $300 What is Cash in Bank, debit, asset, increase Professional Fees, credit, revenue, increase? What is Cash in Bank, debit, asset, increase Professional Fees, credit, revenue, increase? Scores

© Mark E. Damon - All Rights Reserved $400 Purchased equipment on account from ABC Suppliers, $1,500.

© Mark E. Damon - All Rights Reserved $400 What is Equipment, debit, asset, increase Accounts Payable – ABC Suppliers, credit, liability, increase? What is Equipment, debit, asset, increase Accounts Payable – ABC Suppliers, credit, liability, increase? Scores

© Mark E. Damon - All Rights Reserved $500 Paid ABC Suppliers $500 on account.

© Mark E. Damon - All Rights Reserved $500 What is Accounts Payable- ABC Suppliers, debit, liability, decrease Cash in Bank, credit, asset, decrease? What is Accounts Payable- ABC Suppliers, debit, liability, decrease Cash in Bank, credit, asset, decrease? Scores

© Mark E. Damon - All Rights Reserved $100 December 1, 2010: Issued a Check 101 for $1,200 in payment of the monthly rent. December 1, 2010: Issued a Check 101 for $1,200 in payment of the monthly rent.

© Mark E. Damon - All Rights Reserved $100 What is Scores GENERAL JOURNAL PAGE __________ DATE DESCRIPTION POST REF DEBIT CREDIT Dec1 Rent Expense Cash in Bank Check

© Mark E. Damon - All Rights Reserved $200 December 6, 2010: The owner, Justin Massaro withdrew from the business $50 of supplies for personal use, Memorandum 20. December 6, 2010: The owner, Justin Massaro withdrew from the business $50 of supplies for personal use, Memorandum 20.

© Mark E. Damon - All Rights Reserved $200 What is Scores GENERAL JOURNAL PAGE __________ DATE DESCRIPTION POST REF DEBIT CREDIT 56 Justin Massaro, Withdrawals Supplies Memorandum

© Mark E. Damon - All Rights Reserved $300 December 10, 2010: Billed the Juniors WTHS $200 for cheerleading training fees performed during the past week, Sales Invoice 301. December 10, 2010: Billed the Juniors WTHS $200 for cheerleading training fees performed during the past week, Sales Invoice 301.

© Mark E. Damon - All Rights Reserved $300 What is Scores GENERAL JOURNAL PAGE __________ DATE DESCRIPTION POST REF DEBIT CREDIT 810 Accounts Receivable, Juniors Cheerleading Training Fees Invoice

© Mark E. Damon - All Rights Reserved $400 December 15, 2010: Received a check for $200 from the Juniors in payment of their account, Receipt 315 December 15, 2010: Received a check for $200 from the Juniors in payment of their account, Receipt 315

© Mark E. Damon - All Rights Reserved $400 What is Scores GENERAL JOURNAL PAGE __________ DATE DESCRIPTION POST REF DEBIT CREDIT 1115 Cash in bank Accounts Receivable, Juniors Receipt

© Mark E. Damon - All Rights Reserved $500 December 18, 2010: Purchased $500 cheerleading uniforms for the team from Cheer, USA. Made a down payment of $100 and agreed to pay the balance within 30 days, Check 123 and Invoice 501. December 18, 2010: Purchased $500 cheerleading uniforms for the team from Cheer, USA. Made a down payment of $100 and agreed to pay the balance within 30 days, Check 123 and Invoice 501.

© Mark E. Damon - All Rights Reserved $500 What is Scores GENERAL JOURNAL PAGE __________ DATE DESCRIPTION POST REF DEBIT CREDIT 1418 Cheerleading Uniform Supplies Cash in Bank Accounts Payable, Cheer, USA Check 123 and Invoice

© Mark E. Damon - All Rights Reserved Categor y 1 Categor y 2 Categor y 3 Categor y 4 Category 5 Categor y 6 $200 $400 $600 $800 $1000 Round 1 Final Jeopardy Scores

© Mark E. Damon - All Rights Reserved $200 Answer

© Mark E. Damon - All Rights Reserved $200 ? ? Scores

© Mark E. Damon - All Rights Reserved $400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved $600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved $200 Answer.

© Mark E. Damon - All Rights Reserved $200 ? ? Scores

© Mark E. Damon - All Rights Reserved

$400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved $600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer.

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer.

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved $200 Answer

© Mark E. Damon - All Rights Reserved $200 ? ? Scores

© Mark E. Damon - All Rights Reserved $400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved $600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer.

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer.

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved $200 Answer.

© Mark E. Damon - All Rights Reserved $200 ? ? Scores

© Mark E. Damon - All Rights Reserved $400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved

$600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer.

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer.

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved $200 Answer.

© Mark E. Damon - All Rights Reserved $200 question Scores

© Mark E. Damon - All Rights Reserved $400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved $600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer.

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer.

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved $200 Answer.

© Mark E. Damon - All Rights Reserved $200 ? ? Scores

© Mark E. Damon - All Rights Reserved $400 Answer.

© Mark E. Damon - All Rights Reserved $400 ? ? Scores

© Mark E. Damon - All Rights Reserved $600 Answer.

© Mark E. Damon - All Rights Reserved $600 ? ? Scores

© Mark E. Damon - All Rights Reserved $800 Answer.

© Mark E. Damon - All Rights Reserved $800 ? ? Scores

© Mark E. Damon - All Rights Reserved $1000 Answer.

© Mark E. Damon - All Rights Reserved $1000 ? ? Scores

© Mark E. Damon - All Rights Reserved Scores Decision Making Final Jeopardy Question

© Mark E. Damon - All Rights Reserved The first 3 steps of the accounting cycle and 6 steps of the journalizing process

© Mark E. Damon - All Rights Reserved What is Steps in Accounting Cycle: 1.Collect and verify source documents 2.Analyze business transactions 3.Recording business transactions in a journal Steps in Journalizing Process: 1.Enter the date of the transaction in the Date Column. 2.Enter the name of the account debited. 3.Enter the amount of the debit. 4.Enter the name of the account credited. 5.Enter the amount of the credit. 6.Write the source document reference or a brief explanation. What is Steps in Accounting Cycle: 1.Collect and verify source documents 2.Analyze business transactions 3.Recording business transactions in a journal Steps in Journalizing Process: 1.Enter the date of the transaction in the Date Column. 2.Enter the name of the account debited. 3.Enter the amount of the debit. 4.Enter the name of the account credited. 5.Enter the amount of the credit. 6.Write the source document reference or a brief explanation. Scores