Capital	500
	Cash		500
	Electricity	150
	Cash		150
	Cash	20
	Electricity Revenue		20
	NY Avenue	200
	Cash		200
1 Month
	NY Avene House	100
	Cash		100
	Cash	80
	Rent Revenue		80
	Get Out of Jail	50
	Cash		50
	Get out of jail	50
	Cash		50
2 Months
	States Avenue	140
	Cash		140
	States Avenue House	100
	Cash		100
	Get out of Jail	50
	Cash		50
	Cash	50
	Rent Revenue		50
3 Months
	St. James	180
	Cash		180
	St. James House	100
	Cash		100
	Anna Avenue	240
	Cash		240
	Anna Avenue House	150
	Cash		150
4 Months
	Cash	80
	Rent Revenue		80
	Pacific Avenue Rent Expense	390
	Cash		200
	Note Payable		190
	Cash	200
	Go Revenue		200
	Connecticut Avenue Rent Expense	600
	Cash		200
	Note Payable		400
5 Months
	Railroad Rent Expense	50
	Note Payable		50
	illnois Avenue	120
	Cash		120
	illinois Avenue House	100
	Cash		30
	Note Payable		70

1. Use straight-line depreciation for book depreciation. Depreciation should be calculated for both financial statements (by month) and the tax retum. Use the following information to calculate depreciation: Asset F-S Life F-S Salvage House 15 yr. 10% of the cost Hotels 20 yr. 10% of the cost Railroads 20 yr. vi. Interest Expense is calculated by month and recorded when the loan is paid off or at the end of the year if a balance remains. zero C. 3. End of the Game a. The game ends when ALL companies have 36 transactions. As a reminder, every four transactions equal a business month. b. Count and record your cash on hand. Note this balance at the end of your list of transactions. Complete the following assignments [100 points total): i. Complete Chart of Accounts, 1. The Chart of Accounts must include, at a minimum, the following accounts: Cash, at least one Property, Capital, specific Revenues, and detailed Expenses. ii. 36 Journal Entries with the list of recorded transactions compiled while playing Monopoly, iii. T-Accounts, iv. Trial Balance, v. Income Statement, vi. Statement of Equity vii. Balance Sheet viii. Closing Entries 1. Use straight-line depreciation for book depreciation. Depreciation should be calculated for both financial statements (by month) and the tax retum. Use the following information to calculate depreciation: Asset F-S Life F-S Salvage House 15 yr. 10% of the cost Hotels 20 yr. 10% of the cost Railroads 20 yr. vi. Interest Expense is calculated by month and recorded when the loan is paid off or at the end of the year if a balance remains. zero C. 3. End of the Game a. The game ends when ALL companies have 36 transactions. As a reminder, every four transactions equal a business month. b. Count and record your cash on hand. Note this balance at the end of your list of transactions. Complete the following assignments [100 points total): i. Complete Chart of Accounts, 1. The Chart of Accounts must include, at a minimum, the following accounts: Cash, at least one Property, Capital, specific Revenues, and detailed Expenses. ii. 36 Journal Entries with the list of recorded transactions compiled while playing Monopoly, iii. T-Accounts, iv. Trial Balance, v. Income Statement, vi. Statement of Equity vii. Balance Sheet viii. Closing Entries