Question
help me solve this problem Your objective in playing this game is to create a year-end report to your shareholders, report will include a balance
help me solve this problem
Your objective in playing this game is to create a year-end report to your shareholders, report will include a balance sheet, profit and loss statement, and cash flow statement along with a narrative/report to shareholders for the quarter. The overall annual report will compile the data for all 4 quarters into a single annual balance sheet, profit and loss statement, statement of shareholder's equity and cash flow statement along with a narrative/report summary to shareholders.
These are the transactions that occurred when you played Monopoly. Use these transactions to complete the requirements noted above.
1) Started the business by investing $1,500 into the business.
2) Purchased Electric Company for $150.
3) Purchased 3 houses for $240.
4) Purchased jungle cruise for $300.
5) Purchase Mother Harm Bob shed for $200.
6) Purchased Boardwalk for $400.
7) Passed Go and collected $200
8) Purchased Baltic for $60.
9) Purchased St. James for $180.
10) Paid $20 rent.
11) Paid $50 doctors fee.
12) Passed Go and collected $200.
13) Paid $10 rent.
14) Received $20 rent
15) Paid $15 rent.
Ending cash = $295.
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