ACCT 212 Week 2 DQ 1 (Updated)

ACCT 212 Week 2 DQ 1 (Updated)

Last week, we discussed “The Language of Business” and why the accounting information system is important in business. This week, we are going to look at the mechanics of how it all works. It might be a bit easier if we started with an example which would be the ShineBrite Car Wash, Inc. in Chapter 2 of your textbook. Pick a transaction from ShineBrite and let us know how it impacts the accounting equation. Make sure to identify the two accounts impacted. Why is it important to record your selected transaction?