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Find the following with the given accounts and chart of accounts: General Ledger T accounts Trial Balance Income Statement Income Statement of owners equity Balance

Find the following with the given accounts and chart of accounts:

General Ledger

T accounts

Trial Balance

Income Statement

Income Statement of owners equity

Balance Sheet

Cash count at end of game

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The purpose of playing provide a series of newly formed real company. You will be all transactions Monopoly is o transactions for your estate investment expected to record affecting your company, post to T trial balance, and construct financial statements. Before class, please be thinking about the types of transactions in which you will be involved, and the types of accounts needed to record these various transactions, Your real estate investment company is organized as a sole proprietforship accounts, prepare On the day of our Monopoly Marathon, you will form groups of no more than four 4) students each for the purpose of playing a game of Monopoly. One student shall volunteer to be the Banker in addition to playing the game along with the rest of the group. The Banker will handle all bank transactions, but will not formally record the transactions of the bank. The Banker is responsible however for recording his/her own individual transactions just like the other players Befare coming to class, prepare a tentative chart of accounts for your individua real estate investment company. Leave spoce in this chart to add additional accounts as needed based on your individual circumstances Update your chart of accounts with all account titles ofter play is completed With each play recard all necessary transactions in your journal thet are due to your individual play o to the play of others that affects your company's accounts, Your group will play the game for one hour, or until Keach player has recorded a total of 15 transoctions, whichever limit should come first.Once you have recorded 15 journal entries, count your cash and insert the amount on the next page. Continue play but you need nat record any further entries The $1,500, which you receive at the beginning of the game, will be considered your original investment in your new company and must be the first transaction recorded. The additional transactions recorded will depend upon your individual play as the game progresses The gome will be played with some slight modifications to the official game rules, Players may immediately begin purchasing property on their first turn around the board. Houses and hotels may be purchased when you own a single piece of property-you do not need to own all properties in the series to purchase buildings. No one is allowed "out of the game because of lack of cash -make use of accounts payable At the conclusion of the game, count your cash and make note of the total amount in the space provided below. Later, when you have concluded your project, compare the actual cash count with the balance in your Cash account, Does it agree? Cash count at the end of the game Post from your journal to T-accounts, prepare a trial balance, and from the trial balance, prepare the required financial statements for your real estate investment To receive credit for this project, you must submit the following on the scheduled due date Chart of accounts Journal T-accounts Trial balance Income statement Statement of 1. Owner's equity 7 Balance sheet Chart of Accounts Account Accourt Tizle Post Ref Debit Credit Date Post Ref bit Credit Dcte General Ledger Cash 219 Trial Balance Account Number Debit Credit Account Title Income Statement Statement of Owner's Equity NAME Clepar 2 alance Sheet The purpose of playing provide a series of newly formed real company. You will be all transactions Monopoly is o transactions for your estate investment expected to record affecting your company, post to T trial balance, and construct financial statements. Before class, please be thinking about the types of transactions in which you will be involved, and the types of accounts needed to record these various transactions, Your real estate investment company is organized as a sole proprietforship accounts, prepare On the day of our Monopoly Marathon, you will form groups of no more than four 4) students each for the purpose of playing a game of Monopoly. One student shall volunteer to be the Banker in addition to playing the game along with the rest of the group. The Banker will handle all bank transactions, but will not formally record the transactions of the bank. The Banker is responsible however for recording his/her own individual transactions just like the other players Befare coming to class, prepare a tentative chart of accounts for your individua real estate investment company. Leave spoce in this chart to add additional accounts as needed based on your individual circumstances Update your chart of accounts with all account titles ofter play is completed With each play recard all necessary transactions in your journal thet are due to your individual play o to the play of others that affects your company's accounts, Your group will play the game for one hour, or until Keach player has recorded a total of 15 transoctions, whichever limit should come first.Once you have recorded 15 journal entries, count your cash and insert the amount on the next page. Continue play but you need nat record any further entries The $1,500, which you receive at the beginning of the game, will be considered your original investment in your new company and must be the first transaction recorded. The additional transactions recorded will depend upon your individual play as the game progresses The gome will be played with some slight modifications to the official game rules, Players may immediately begin purchasing property on their first turn around the board. Houses and hotels may be purchased when you own a single piece of property-you do not need to own all properties in the series to purchase buildings. No one is allowed "out of the game because of lack of cash -make use of accounts payable At the conclusion of the game, count your cash and make note of the total amount in the space provided below. Later, when you have concluded your project, compare the actual cash count with the balance in your Cash account, Does it agree? Cash count at the end of the game Post from your journal to T-accounts, prepare a trial balance, and from the trial balance, prepare the required financial statements for your real estate investment To receive credit for this project, you must submit the following on the scheduled due date Chart of accounts Journal T-accounts Trial balance Income statement Statement of 1. Owner's equity 7 Balance sheet Chart of Accounts Account Accourt Tizle Post Ref Debit Credit Date Post Ref bit Credit Dcte General Ledger Cash 219 Trial Balance Account Number Debit Credit Account Title Income Statement Statement of Owner's Equity NAME Clepar 2 alance Sheet

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