Financial Statements
Financial Statements!
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Topics of this game:
- Normal balance for cash
- Accounts receivable goes down
- Purchase supplies, supplies are
- Purchase supplies on account, accounts payable will be
- Owner invests money in business, cash will be
- Owner invests money in business, capital will be
- Owner withdraws money for personal use, cash will be
- Owner withdraws money for personal use, withdrawals will be
- Made a cash sale, cash will be
- Made a cash sale, sales will be
- Made a sale on account, accounts receivable will be
- Made a sale on account, sales will be
- Bought land, paid a $10,000 deposit, took a loan for the rest - cash will be
- Bought land, paid a $10,000 deposit, took a loan for the rest - land will be
- Bought land, paid a $10,000 deposit, took a loan for the rest - loan payable will be
- Made a mortgage payment, cash will be
- Made a mortgage payment, mortgage payable will be
- Paid the hydro bill, cash will be
- Paid the hydro bill, hydro expenses will be
- Normal balance for capital
- Normal balance for supplies
- Normal balance for loan payable
- Exceptional balance for cash
- Normal balance for sales
- Exceptional balance for land
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