Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash Accounts Receivable Beg. Bal Beg. Bal 1 2,000 16 100 5 20 100 2 8 26 150 3 10 90 180 4 End. Bal.

Cash Accounts Receivable
Beg. Bal Beg. Bal
1 2,000 16 100
5 20 100 2
8 26 150 3
10 90 180 4 End. Bal. 100
11 100 150 6
12 200 300 7 R&M Expense
14 200 200 9 Beg. Bal
17 14 400 13 40 200
19 200 60 15
20 14 100 16 End. Bal. 200
21 50 22 18
22 25 100 25 Utilities Invetment
23 70 150 30 Beg. Bal
24 100 48 32 3 150
26 4 350 33 6 150
27 200 800 34 9 200
29 200 25 37
31 26 200 40 End. Bal. 500
35 200 8 42
36 6 32 43 Utilities Revenue
38 4 Beg. Bal
39 100 20 5
41 200 90 10
44 100 50 21
25 22
End. Bal. 774 70 23
100 39
Common Stock 100 44
Beg. Bal
2000 1 End. Bal. 455
End. Bal. 2000 Rent Expense
Beg. Bal
Rent Revenue 18 22
Beg. Bal 32 48
26 8 42 8
14 17 43 32
14 20
4 26 End. Bal. 114
200 29
26 31 Utilities Expense
6 36 Beg. Bal
4 38 37 25
End. Bal. 294 End. Bal. 25
Accounts Payable
Land Beg. Bal
Beg. Bal 100 11
2 100 100 25
4 180 End. Bal. 200
7 300
13 400 Taxes Expense
15 60 Beg. Bal
33 350 150 30
End. Bal. 1390 End. Bal. 150
Building Houses Miscellaneous Revenue
Beg. Bal Beg. Bal
25 100 100 24
34 800
End. Bal. 100
End. Bal. 900
Passing Go Revenue
Beg. Bal
200 12
200 14
200 19
200 27
200 35
200 41
End. Bal. 1200

This is Monopoly Accounting Game and I want to know what I write is Correct.

1. Sold Stock to investors. +2000

2. Buy Land. -100

3. Utilities Investment -150

4. Buy Land. -180

5. Utilities Revenue - +20

6. Utilities Investments. -150

7. Buy Land. -300

8. Rent Revenue. +26

9. Utilities Investments. -200

10. Utilities Revenue +90

11. Borrowed 100. +100 = Accounts Payable

12. Passing Go Revenue. +200

13. Buy Land. -400

14. Passing Go Revenue. +200

15. Buy Land. - 60

16. Lend 100. - 100 = Accounts Receivable

17. Rent Revenue. + 14

18. Rent Expense. - 22

19. Passing Go Revenue. +200

20. Rent Revenue. +14

21. Utilities Revenue. +50

22. Utilities Revenue. +25

23. Utilities Revenue. +70

24. Life Insurance collect. +100 = Miscellaneous Revenue

25. Build house from bank. +100, -100 = Accounts Payable, Build house

26. Rent Revenue. +4.

27. Passing Go Revenue. +200

28. Gain on Disposal of property. 0. Exchange properties

29. Rent Revenue. +200

30. Taxes Expense. -150

31. Rent Revenue. +26

32. Rent Expense. -48

33. Buy Land. -350

34. Build houses. -800

35. Passing go Revenue. +200

36. Rent Revenue. +6

37. Utilities Expense. -25

38. Rent Revenue. +4

39. Utilities Revenue. +100

40. Repairs and Maintenance Expense. -200

41.Passing Go Revenue. +200

42. Rent Expense. -8

43. Rent Expense. -32

44. Utilities Revenue. +100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago

Question

Prepare and properly label figures and tables for written reports.

Answered: 1 week ago