Create a T- Accounts, A trial Balance, Income Statement, and Stockholder's Equity with the information provided above.

MONOPOLY PROJECT GENERAL JOURNAL Debit 1,000 J.E. # Account Titles and Explanation Credit Cash Common Stock 1,000 Description: Contributed by Stockholders Cash 500 Note Payable 500 Description: Borrowed money from the bank Land 100 Cash 100 Description: Purchase of Connecticut Avenue Land 4 150 150 Description: Purchased Electric Company Land 220 Cash 220 Description: Purchased Kentucky Avenue Land 240 Cash 240 Description: Purchased linois Avenue Cash 200 Service Revenue 200 Description: Pass "Go" and collected money for Sales Revenue Rent Expense 12 Cash 12 Description: Landed on opponent's property, Virginia avenue and paid rent Cash 20 Rent Revenue 20 Description: Kyle landed on my property and paid rent Land 10 260 260 Description: Purchased Ventnor Avenue Miscellaneous Revenue 50 Cash 50 Description: John paid Revenue via a chance Income Tax Expense 12 200 Cash 200