Accounting transactions happen all around you, every day. Meet with one classmate somewhere that provides good opportunities for some casual “people watching” (e.g., the mall, the coffee shop, etc.).
Think about what you are observing from the viewpoint of seeing accounting transactions in action.
Discuss your observations with your classmate.

Instructions
Provide responses for each of the following questions.
a. What transactions do you notice that have been discussed in this chapter?
b. Given what you have learned, what accounting transactions will affect the accounting equation, based on your observations?
c. How has your awareness of accounting transactions all around you every day changed due to your understanding of accounting basics?
d. What else do you notice that is relevant to accounting?