Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me to create my balance sheet!! some reason my Total asset missing $50. total assets should be $2552 . Aignment y11 T-Account Jan 28,

help me to create my balance sheet!! some reason my Total asset missing $50. total assets should be $2552 .

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Aignment y11 T-Account Jan 28, Oriental Avenue Jan 28, St. Charles Place Feb 11, Board Walk Avenue Feb 11, New York Avenue Feb 11, Atlantic Avcenue 28-Jan $515 $140 $100 11-Feb 510 $12 Feb 11, Reading Rail Road 56 Feb 11, Water works 150$200 5165260 28-Jan SSo$200 28-Jan 28-Jan 425-Feb $12 518 522 Fob 11, St. Charles Place Feb 11, Oriental Avenue Feb 11, Water walk Feb 11, New York Avenue Feb 11, Atlantic Avenue Feb 25, Board wolk Avenue Feb 25, Reading raiel Road Feb 25, Reading rail Road Feb 25, New York Avenue 550 $100 $200 325 530 516 $100 S18 1557 Sheet1 O Type here to search Land $100 $140 $400 $200 $260 Jan 28, Oriental Avenue Jan 28, St. Charles Place Feb i11, Board Walk Avenue Feb 11, New York Avenue Feb 11, Atlantic Avcenue 10 25 12 Feb 11, Reading Rail Road $200 150 400 Feb 11, Water works 28-Jan $1,500 Free parking Revenue $200 28-Jan 28-Jan $515 5500 $12 518 $22 Feb 11, 5t. Charles Place $10 Feb 11 Oriental Avenue Feb 11, Water walk Feb 11, New York Avenue Feb 11, Atlantic Avenue Feb 25, Board wolk Avenue Feb 25, Reading rail Road Feb 25, Reading rail Road Fab 25, New York Avenue $16 $22 16 $214 $18 Jan 28, Rail Road Feb 11, Virginia Avenue Feb 25, Virginia Avenue Feb 25, Kentucky Avenue Feb 25, Ventnor Avenue Feb 25, Kentucky Avenue $25 $12 $12 $18 $22 $18 $1,100 107 28-Jan 11-Feb 11-Fob 25-Feb 5200 200 $200 $800 28-Jan 11-Feb 11-Feb 25-Feb s-feb 25-Feb 25-Feb 100 $150 $50 550 $100 530 16 ELL Check Cell EX as Styles Monopoly INC Income statement For the year of end: March 4, 2019 Revenues: Free parking Revenues Rental Revenues Pass Go Revenues Miscellaneous Revenues $1,015 $214 $800 $580 $2,609 Total Revenues Expenses: Rent Expense Land (4 Property) Rail Road ($107) ($1,100) $200) ($150) ($1,557) Total Expenses Net income: $1,052 Monopoly INC Balance Sheet As of 3/4/2019 Assets: Cash Lands Rail Road Utility Paid rent Total Assets $1,052 $1,100 $200 $150 $2,502 Liability: So Owner's Equity: Capital Retained Earnings $1,500 $1,052 $2,552 T-Account 28-Jan $515 $200 $100 $140 $25 $100 $500 $10 11-Feb $12 $150 $6 $150 $200 $16 $22 $200 25-Feb $50 $12 $18 $22 $50 $100 $200 $25 $25 $30 $16 $100 $18 $2,609 1557 Jan 28, Oriental Avenue Jan 28, St. Charles Place Feb 11, Board Walk Avenue Feb 11, New York Avenue Feb 11, Atlantic Avcenue $100 $140 $400 $200 $260 Rail Road $200 Feb 11, Reading Rail Road Utility $150 Feb 11, Water works Capital 28-Jan $1,500 Free parking Revenue 28-Jan 28-Jan $515 $500 Rental Revenue Feb 11, St. Charles Place Feb 11, Oriental Avenue Feb 11, Water walk Feb 11, New York Avenue Feb 11, Atlantic Avenue Feb 25, Board wolk Avenue Feb 25, Reading rail Road Feb 25, Reading rail Road Feb 25, New York Avenue $10 $6 $44 $16 $22 $50 $25 $25 $16 Monopoly INC Pass GO Revenue 28-Jan 11-Feb 11-Feb 25-Feb $200 $200 $200 $200 Miscellaneous Revenue 28-Jan 11-Feb 11-Feb 25-Feb 25-Feb 25-Feb 25-Feb 5100 $150 $50 $50 $100 $30 $100 Jan 28, Rail Road Feb 11, Virginia Avenue Feb 25, Virginia Avenue Feb 25, Kentucky Avenue Feb 25, Ventnor Avenue Feb 25, Kentucky Avenue $25 $12 $12 $18 $22 $18 F4 F5 F6 3 5 6 7 8 Monopoly INC Income statement For the year of end: March 4, 2019 Revenues: Free parking Revenues Rental Revenues Pass Go Revenues Miscellaneous Revenues $1,015 $214 $800 $580 $2,609 Total Revenues Expenses: Rent Expense Land (4 Property) Rail Road Utility (water works) ($107) ($1,100) ($200) Total Expenses ($1,557) Net income: $1,052 Monopoly INC Balance Sheet As of 3/4/2019 Assets: Cash $1,05 Rent Expense Land (4 Property) Rail Road ($1,100) ($200) ($150) Total Expenses Net income: $1,052 Monopoly INC Balance Sheet As of 3/4/2019 Assets: Cash Lands Rail Road Utility Paid rent Total Assets $1,052 $1,100 $200 $150 $2,502 Liability: $0 Owner's Equity: $1,500 $1,052 Capital Total Liability + Owner's equity $2,552

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

Audit Planning A Risk Based Approach

Authors: K. H. Spencer Pickett

1st Edition

047169052X, 978-0471690528

More Books

Students also viewed these Accounting questions

Question

What is job rotation ?

Answered: 1 week ago