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Purpose: Student(s) will list each of the 7 Rules of Debits and Credits. Students will show the relationship of the 7 Rules of Debits and Credits on the Accounting Equation. Student(s) will explain the origin of the Debits and Credits in Accounting and show examples of and explain the debits and credits used in the following:

The 7 rules of Debits and Credits effect in the Accounting Equation

The 7 rules of Debits and Credits effect in T- Accounts

The 7 rules of Debits and Credits effect in the General Journal.

Student will contact the Center for Teaching and Learning for assistance in creating the video. A critical component of this honors project is to research and present a unique method of teaching the concept of Straight Line Depreciation and the effect on the Accounting Equation.

|1 |Content |Define the Accounting Equation |

| |30 Points |Explain who uses the Accounting Equation |

| | |Using the information provided in the following resource, show an example of the Accounting Equation |

| | |(Resource: College Accounting, by Heintz & Perry, 20th ed. Chapter 2) |

| | |Using the information provided in the following resource, show an example of the Accounting Equation |

| | |and match the Rules of Debits and Credits |

| | |(Resource: College Accounting, by Heintz & Perry, 20th ed. Chapter 3) |

| | |List and label the common accounts related to each section of the Accounting Equation |

| | |Show examples of the 7 Rules of Debits and Credits. Refer to the textbook or other resources for |

| | |examples. |

|2 |Script |Before contacting the Center for Teaching and Learning, create and submit your video scripts to your |

| |30 Points |instructor. Script due instructor by Nov 15, 2012 |

| | |Once the script is approved, add the words (captions) spoken on the video, so that hearing impaired |

| | |students know the words spoken on the video. And so that students who are both visual and auditory |

| | |learners are accommodated |

| | |Format: Add the Name of the Class, Instructor, your name and the date on the first page of your |

| | |script document. |

| | |Final Video and Script due Nov 20, 2012 |

|3 |Video |Video 1 length is 3 minutes |

| |30 Points |Format: Add the Name of the Class, Instructor, your name and the date on the first page of your |

| | |video. |

| | |Content: Add all the content from the ‘content’ section to your video. |

|4 |Citations |Create a Works Cited Page. List all resources used to produce the video and script. Provide 5 |

| |10 Points |academically appraised article (2), book (1), video resources (2) for this assignment. Use your text|

| | |book as a 6th resource. |

| | |Cite your sources using the APA citation method. |

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