Journalizing Transactions: Alex’s Auto Detailing

Activity Description

In this interactive accounting worksheet, students will step into the role of an accountant for Alex’s Auto Detailing business. Alex’s business is doing well, but he’s struggling to keep track of his finances. To help him out, students will journalize 12 transactions that occurred during the first month of operations.

What Students Will Do:

• Analyze and journalize 12 business transactions provided by Alex.
• Accurately record each transaction using the general journal format.
• Choose the correct accounts from dropdown menus and enter the debit and credit amounts.

Key Features:

• Accounting Software-Like Experience: Students will have one transaction displayed at a time at the top of the worksheet. They will select accounts from dropdown menus, enter transaction amounts in text areas, and click the “Save & Next” button to save their journal entry and move on to the next transaction.
• Randomization: Each student will receive a unique set of transaction amounts to journalize, ensuring that everyone works on different data, which prevents copying and promotes independent learning.
• Auto-Grading: The worksheet is auto-graded, providing immediate feedback on the accuracy of each journal entry.

Learning Objectives:

• Gain practical experience in journalizing real-world business transactions.
• Understand the process of recording debits and credits in the general journal.
• Experience an accounting software-like interface, simulating the use of professional accounting tools.

This activity provides students with a realistic and engaging experience in managing a business’s finances. The randomization, auto-grading, and software-like interface create an effective learning environment where students can practice essential accounting skills.

Teacher Tips