© 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.

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 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

$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 $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 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 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 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 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 12010 1 2Dec1 Rent Expense 120000 2 3 Cash in Bank 120000 3 4 Check 101 4 5 5

© 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 5000 5 6 Supplies 5000 6 7 Memorandum 20 7 8 8

© 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 20000 8 9 Cheerleading Training Fees 20000 9 10 Invoice 301 10 11

© 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 20000 11 12 Accounts Receivable, Juniors 20000 12 13 Receipt 315 13 14

© 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 50000 14 15 Cash in Bank 10000 15 16 Accounts Payable, Cheer, USA 40000 16 17 Check 123 and Invoice 501 17

$400 Answer.

$600 Answer.

© 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

© 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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© 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 on theme: "© 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."— Presentation transcript:

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