Debits, Credits, Normal Balance
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This game will test your knowledge of debits, credits, and normal balance in Accounting
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Topics of this game:
- Paul Blart invested $400 into his mall cop business. How does this affect his capital account?
- Paul Blart buys security uniforms on account from Uniform Junction. How does this affect Accounts Payable?
- Paul Blart has a side hustle doing security for weddings. Jim & Julie hire him and pay later. Accounts Receivable...
- Paul Blart needs insurance and buys 1 year up front. Prepaid Insurance...
- On T accounts, ______ means left and _________ means right.
- The Cash account increases with a ________ and Accounts Payable increases with a _________.
- We pay for expenses, this _________ Owner's Equity.
- Withdrawals make owner's equity _________
- Investments into the business make owner's capital...
- Any asset is increased on the __________ side and decreased on the _________ side
- When we start a T account for cash,
- When we record cash from sales...
- accepting payment for a sale at a later date will make accounts receivable...
