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Task 1 : Business Scenario Analysis ( 3 0 points total ) Identification of Accounts ( 1 0 points ) : Correctly identify all accounts
Task : Business Scenario Analysis points total Identification of Accounts points: Correctly identify all accounts affected in each transaction. Account Types points: Accurately classify each account as an asset, liability, equity, revenue, or expense. Impact on Accounting Equation points: Clearly explain how each transaction affects the accounting equation. Task : Journal Entries points total Correct Accounts points: Use the correct accounts for each transaction. Debit and Credit Accuracy points: Accurately debit and credit the appropriate amounts. Transaction Descriptions points: Provide clear, concise descriptions for each journal entry. Task : Transaction Analysis points total Analysis of Transactions points: Correctly analyze each transaction, identifying which accounts are debited and credited. Calculation of Account Balances points: Accurately calculate the new balances of the accounts involved. Additional Notes for Grading:
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