Accounting Snake
Analyzing Transactions into Debits and Credits
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Topics of this game:
- What to DEBIT? Received cash from owner as an investment
- What to DEBIT? Paid Cash for Supplies
- What to DEBIT? Paid cash for rent
- What to Debit? Received cash from sales
- What to Debit? Paid Cash for Repairs
- What to DEBIT? Sold service on account
- What to Debit? Bought supplies on account
- What to Debit? Paid Cash for Insurance
- What to Debit? Received Cash from Sales
- What to Debit? Received Cash on Account
- What to Debit? Paid Cash for Miscellaneous Expense
- What to Debit? Paid Cash on Account
- What to Debit? Paid Cash for Advertising
- What to Debit? Sold services on account
- What to Debit? Paid cash to owner for personal use
- An accounting device used to analyze transactions is a T account
- An amount recorded on the left side of a T account is a credit.
- Each asset account has a "normal" DEBIT balance.
- Each liability account has a normal credit balance.
- Each transaction changes the balances in at least two accounts.
- What is the account classification for Sales?
- What is the account classification for Accounts Receivable?
- How to increase Cash balance
- If someone owes you money, that is called _________?
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