(Accounting Monopoly)

Prepare Journal entries

T-account

Trial Balance

Balance Sheet

Income Statement

Statement of equity

Closing entries

Cash			$500
Owner's Capital				$500
Electricity Company			$150
Cash				$150
Cash			$20
Electricity Revenue				$20
New York Avenue			$200
Cash				$200
1 Month
New York Avenue House			$100
Cash				$100
Cash			$80
Rent Revenue				$80
Get Out of Jail			$50
Cash				$50
Cash			$200
Go Revenue				$200
2 Months
Water Works			$150
Cash				$150
Get Out of Jail			$50
Cash				$50
Cash			$200
Go Revenue				$200
Oriential Avenue			$100
Cash				$100
3 Months
Oriential Avenue House			$50
Cash				$50
Visiting Jail			$50
Cash				$50
Cash			$80
Rent Revenue				$80
Railroad Expense			$50
Cash				$50
4 Months
Kentucky Avenue			$220
Cash				$130
Note Payable				$90
Kentucky Avenue House			$150
Cash				$10
Note Payable				$140
Cash			$80
Rent Revenue				$80
Get Out of Jail			$50
Cash				$50
5 Months
St James Place			$180
Note Payable				$180
St James Place House			$100
Note Payable				$100
Cash			$30
Rent Revenue				$30