Accounting and Finance Foundations

Unit 5

Accounting and Finance Foundations Unit 5: Accounting Terminology 432

Accounting Terminology

Chapter 15

Lesson 15.7

Student Assignment

Culminating Project B

Provide at least one example of a transaction for Newton Park that could have resulted in the following

transactions described below:

1. Increase an asset and decrease an asset.


2. Increase an asset and increase a liability.


3. Increase an asset and increase equity.


4. Decrease an asset and decrease a liability.


5. Decrease an asset and decrease equity.


6. Increase a liability and decrease equity.


7. Decrease a liability and increase equity.

Name: _____________________________________________________ Date: ___________________