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Task 1 : Business Scenario Analysis ( 3 0 points total ) Identification of Accounts ( 1 0 points ) : Correctly identify all accounts

Task 1: Business Scenario Analysis (30 points total) Identification of Accounts (10 points): Correctly identify all accounts affected in each transaction. Account Types (10 points): Accurately classify each account as an asset, liability, equity, revenue, or expense. Impact on Accounting Equation (10 points): Clearly explain how each transaction affects the accounting equation. Task 2: Journal Entries (40 points total) Correct Accounts (10 points): Use the correct accounts for each transaction. Debit and Credit Accuracy (20 points): Accurately debit and credit the appropriate amounts. Transaction Descriptions (10 points): Provide clear, concise descriptions for each journal entry. Task 3: Transaction Analysis (30 points total) Analysis of Transactions (15 points): Correctly analyze each transaction, identifying which accounts are debited and credited. Calculation of Account Balances (15 points): Accurately calculate the new balances of the accounts involved. Additional Notes for Grading:

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